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
May 11, 2016
Landlord Steve Croman made headlines this week when the Attorney General filed a suit against him for tenant harassment, alongside criminal charges. Croman is an example of "harassment as a business model" taken to its extreme, but the truth is that many landlords resort to harassment for the same reason he did - because once existing tenants are pushed out of their apartments, landlords can renovate, deregulate, and dramatically increase their profits.
Blog
October 26, 2015
Transparency in lending data is a bedrock principal of bank regulation that protects consumers. Last week, the Consumer Financial Protection (CFPB) finalized a strong set of rules to improve HMDA. ANHD has been especially vocal in calling for the closure of a loophole that excluded many NY State loans made from disclosure in the Home Mortgage Disclosure Act (HMDA) database.
Blog
March 20, 2015
The Association for Neighborhood and Housing Development (ANHD) today released its annual report, State of Bank Reinvestment in NYC: 2014 analyzing the local impact of the Community Reinvestment Act (CRA), highlighting industry trends, and identifying and comparing how individual banks do or don’t meet our City’s credit and banking needs.

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