Comment Detail
Date: 08/12/22 First Name: Rachel Last Name: Winch Email: Rachel.Winch@gmail.com Organization Type: other Organization: Tucson Alliance for Housing Justice Comment
FHFA financing should be used to benefit people living in manufactured housing to maintain affordable housing. However, Fannie Mae is fueling the affordable housing crisis by lending to for profit developers and investors who then raise the lot rents, at times driving people out of the very homes that they own. Any FHFA loan made to purchase manufactured housing communities (mobile home parks) should be regulated, including eviction protection for tenants and for rent increase protection. Better yet, Fannie Mae loans in manufactured housing should be made exclusively to either: 1. Manufactured Housing Communities who are purchasing the park in which they reside to own it collectively or 2. Non-profits or Community Land Trusts who purchase parks with a commitment to maintaining parks as permanent affordable housing.
Our publicly financed FHFA loans should be used for the public good, not to extract wealth from low income communities to fuel deeper investor profit.
Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPS
A lock (
) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.