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Journal Article
Affirmatively furthering fair housing in REO-to-Rental programs
The REO-to-Rental program is particularly intriguing from a fair housing perspective. In January 2012, the Federal Housing Finance Agency (FHFA) launched its REO-to-Rental program, which converts pools of foreclosed REO properties held by the government-sponsored enterprises into affordable rental properties. Fair housing advocates viewed this program as a new opportunity for affordable rental properties in less-segregated, low-poverty communities?that is, until they discovered that the FHFA and the Department of the Treasury had made no effort to conform the new program to the requirements ...