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
February 13, 2015
Investors Bank is at it again, with signs of concerning lending practices. Investors Bank is based in New Jersey with a growing presence of loans and branches in NYC and is emerging as one of the larger multifamily lenders in the City.
Blog
August 7, 2014
Investors Bank is based in New Jersey with a growing presence of loans and branches in NYC and is emerging as one of the larger multifamily lenders in the City, particularly in lower-income neighborhoods. Currently, Investors Bank is undergoing a CRA exam by the FDIC and ANHD has serious concerns about some of its multifamily lending practices.

Related Resources

Nothing matched the filters you have selected.

Pages