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.

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