Overview

Overview

Good lending on multifamily apartment buildings is as necessary as bad lending is destructive; all neighborhoods need regular access to credit to keep the housing stock healthy, but irresponsible lending can make conditions worse for tenants. 

The Project

Overleveraging (lending more money than the building’s income can support) and lending to bad-actor landlords are just two examples of practices that often lead to displacement and harassment of tenants. 

ANHD uses our internal research and the activism of our broad networks of tenant organizers to advocate for all lenders to adopt a set of best practices to ensure their lending supports – and does not erode – decent and affordable sources of housing. This includes responsible underwriting, proper vetting of landlords, and staffing that works with tenants and the landlord to address issues as they arise after the loan is made.

News

Recents Blogs and Media

Blog
July 26, 2018
The Tenant Activism Behind Signature Bank’s New Lending Policies
Over the past two years, tenants organized together across the city and brought their concerns and policy recommendations directly to the Signature Bank leadership.
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Blog
March 16, 2018
10 Years After the Housing Crisis: Have We Learned Nothing?
ANHD is extremely disappointed in the U.S. Senate for rolling back the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as “Dodd Frank.” The Senate passed S.2155, which removes key financial safeguards and transparency regulations designed to prevent the kind of financial collapse and damage the U.S. experienced just a decade ago.
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Blog
March 7, 2018
Housing Vacancy Survey Shows New York City Is in The Midst of An Affordability Emergency
The City released its initial findings for the 2017 Housing Vacancy Survey (HVS) this week, which is conducted every three years to comply with rent regulation laws. This rich data and research resource gives us the only comprehensive look at New York City’s housing market and building conditions.
Read More »
Barika Williams
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Resources

Related Resources

Keeping Banks Accountable to our Communities: Report from a National Convening on Local Responsible Banking Ordinances
A report on local legislative approaches to "Responsible Banking" ordinances.
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The State of Bank Reinvestment in New York City: 2011
An annual analysis of the local bank reinvestment activity and the local impact of the Community Reinvestment Act.
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The State of Bank Reinvestment in New York City: 2009
An annual analysis of local bank reinvestment activity and the local impact of the Community Reinvestment Act
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Predatory Equity: Evolution of a Crisis
Evaluating the threat to affordable housing by "predatory equity" investors who base a business model on overleveraging and harassment.
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The Sub-Prime Loan Crisis in NY Apartment housing: How Collapsing Predatory Equity Deals Will Harm Communities and Investors
Evaluating the threat to affordable housing by "predatory equity" investors who base a business model on overleveraging and harassment.
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