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.

Recents Blogs and Media

Blog
March 16, 2018
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.
Blog
March 7, 2018
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.
Blog
December 11, 2017
Tenants, community advocates and policy makers have been ringing the alarm bell about bad mortgage lending in mutlifamily buildings. Over the past few years, we have opened up an important dialogue with regulators and banks who understand that bad lending is a direct threat to our neighborhoods.

Related Resources

An annual analysis of the local bank reinvestment activity and the local impact of the Community Reinvestment Act.
An annual analysis of local bank reinvestment activity and the local impact of the Community Reinvestment Act
Evaluating the threat to affordable housing by "predatory equity" investors who base a business model on overleveraging and harassment.
Evaluating the threat to affordable housing by "predatory equity" investors who base a business model on overleveraging and harassment.

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