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  • Comment Detail

  • Date: 07/31/23
    First Name: Michael
    Last Name: Kipins
    Email: mkipkippy@gmail.com
    Organization Type: N/A
    Organization: YAH

  • Comment

    My name is Michael and I am a tenant living in New York.

    Last year I was living in Manhattan and my rent was hiked to almost double what i was paying. this forced me to have to move out and I have not had stable housing since.

    The rent is too damn high. The Federal Housing Finance Agency should protect tenants by limiting annual rent hikes to 1.5 times the Consumer Price Index or 3%, whichever is lower, in properties with federally backed mortgages. These limits should be applied universally as a requirement to all federally backed mortgage programs.

    In addition to limits on rent hikes, the FHFA should prohibit evictions without good cause, ban source of income discrimination, enforce and expand existing protections against discrimination, require safe and accessible housing conditions, create a landlord registry, require fair and standardized leases, ensure tenants have the right to organize, and create an Office of Tenant Protections to enforce these rights in all properties with federally backed mortgages.

    Sincerely,
    Michael