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You are hurting minority & immigrant property owners. Bring those of us that provide housing to the table. We are not the enemy, and our clients don't need to be protected from us. They are our neighbors. We need protections from legislation that is causing us to leave the affordable housing business and destroy the generational wealth that many of us, including minorities like myself are trying to build. Thank you for the opportunity to respond to the Request for Input on how the Federal Housing Finance Agency (FHFA), in its oversight of Fannie Mae and Freddie Mac, can best provide assistance and opportunities to tenants at multi-family properties.

Housing providers throughout the country play a vital role in supporting tenants and providing them with opportunities for upward mobility, along with safe, quality and affordable housing. As the FHFA explores ways to improve access to housing, it is critical to acknowledge that lack of supply is a main driver of todays affordability crisis. In fact, according to recent data, the United States has an underproduction gap of over 5.5 million units.

As housing providers work to deliver affordable housing opportunities in their communities, they also contend with rising mortgage rates and the increased costs of necessary materials and services. When inflation is high, these prices increase, and it becomes more expensive for developers to build new homes or renovate existing ones. Ultimately, these high costs spill into the housing market and lift sales prices too.

Access to affordable housing is pivotal to creating pathways for people across the country to build equity and generational wealth, and for communities to grow strong. I appreciate your commitment to ensuring we achieve this goal without impeding the creation of much-needed housing supply.