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  • Comment Detail

  • Date: 10/17/22
    First Name: Coraline
    Last Name: na
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AB21

  • Comment

    Dear Director Thompson and FHFA team,

    My name is Caroline and I live in Las Vegas, Nevada. I’m writing in response to the FHFA Multifamily Enterprise Housing Goals Proposed Rule Comment Request: ‘Community Support Requirements, (No. 2022–N–11) Multifamily Enterprise Housing Goals Proposed Rule.

    In June 2021, my rent was 2200, however they were going to raise it to 2750 and attached a 30 day notice. I had to make a choice to move or continue to stay there. I choose to find another home. I am disabled, a veteran, and I live on a fixed income. I looked up my rights and it is on legal grounds for rent to be raised to market value, which was $500. It was hard to come up with a deposit and cost to move. I found a few places that were within my budget. I made the choice to break my lease and I found two places. The first place the owners wanted a $4000 deposit. The house was in perfect condition, they wanted her to pay $250 and took my deposit. I was able to find another home. The owners from my previous home did not notice that I moved out, on the website it was listed as available, and they were surprised when I said that I returned the keys. I gave various notices about me moving out. I was able to move into a new home, however I had to submit a higher deposit because my debt to income ratio was high, although I have no late payments.

    The rent is too damn high and I’m counting on FHFA to take every possible action to regulate rents for all properties with federally backed mortgages. If our public money is financing the business of making money on our homes, the least that you can do as a regulator is attach conditions to these resources that benefit the people. FHFA has successfully taken bold action in the past to help protect tenants during COVID-19 and to look out for residents of manufactured housing, and I am counting on FHFA to take similar action to help tenants like me during this time of intense economic hardship.

    I am a member of PLAN and a leader with the Homes Guarantee campaign. The Homes Guarantee campaign is led by over 52 tenant-led organizations from all corners of the country. We have a long term vision for a world where everyone has access to safe, sustainable and TRULY affordable housing. In the short term we are organizing to win an executive order on rent regulation from the President— see more here: https://damnhighrent.com

    Thank you for your attention to this matter. If you would like to get in touch with me, please contact Grace White, the Homes Guarantee Organizer at g.white@peoplesaction.org.
    Sincerely,
    Coraline