Ending Homelessness Through Affordable Rental Housing
Comments on the Disposition of Real-Estate Owned Property
These comments were jointly submitted by the National Law Center on Homelessness & Poverty, the National Housing Law Project, and the National Low Income Housing Coalition in response to a Request for Information (RFI) from the Federal Housing Finance Agency , the U.S. Department of the Treasury, and the U.S. Department of Housing and Urban Development.
The RFI solicited strategies for augmenting and enhancing the Real Estate-Owned (REO) asset disposition programs of Fannie Mae, Freddie Mac, and the Federal Housing Administration. Currently, the federal government owns 100,000 single-family homes.
The Law Center argues that the plan should prioritize affordable housing using an REO-to-rental strategy that opens up currently vacant homes to low-income tenants.