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
May 24, 2017
The "Bad Boy" Carveout
There has been a growing drumbeat of public criticism of tenant harassment in buildings with mortgage loans from Signature Bank, culminating last month in a tenant picket in front of Signature Banks’s Annual Investors Conference. Tenants have been telling the bank and the media that the harassment they are experiencing is both severe and intentional and that the bank should be aware of the damage their lending is enabling.
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Blog
April 20, 2017
Tenants Take Demands for Responsible Lending to Signature Bank Shareholders Meeting
This morning, tenants from 10 community organizations and their allies, including Senator Brad Hoylman, Senator Gustavo Rivera, and a representative from Public Advocate Leticia James’s office filled the sidewalk with a picket line outside of Signature Bank’s annual shareholders meeting in Manhattan. At the rally, the tenants and elected officials tried to hand-deliver a letter to the board of directors to demand responsible lending practices to protect their rights and health, and preserve our stock of affordable rent-regulated housing.
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Blog
February 21, 2017
Bad Landlord, Bad Lending Continued
A bad landlord damages a community, sometimes with serious consequences. In the case of Ved Parkash’s 750 Grand Concourse, the building’s long-term rodent infestation problems recently flared up into a major public health scare. Tenants in Parkash’s buildings have been dealing with problems for years, including poor conditions, vermin, and scores of potentially meritless eviction proceedings for nonpayment of rent.
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