On October 28th, underwater homeowners across the nation will be taking action on mortgage lenders Fannie Mae and Freddie Mac. In Atlanta, Minneapolis, Los Angeles, Boston, and Seattle, residents will be demanding a moratorium on evictions. They are also advocating for Congressman Mel Watt’s nomination as the new Director of the Federal Housing and Finance Agency. This action is part of the larger movement to dump Ed DeMarco, acting director of the FHFA, and longtime critic of loan forgiveness for underwater homeowners. More than half of all American mortgages are managed by Fannie Mae and Freddie Mac. Their continued resistance to forgiving principal balances, and the intensification of militant eviction tactics in recent months stands in the face of alternative solutions to alleviate the debt of homeowners,and get the economy back on track. Residents demand that there is “not 1 more eviction” until Watt is up for the nomination in the Senate.
Homes For All is a national campaign with the goal of broadening the conversation of the housing crisis beyond foreclosure and putting forth a comprehensive housing agenda that also speaks to issues affecting public housing residents, homeless families, and the growing number of renters in American cities. Homes For All aims to protect, defend, and expand housing that is truly affordable and dignified for low-income and very low-income communities by engaging those most directly impacted by this crisis through local and national organizing, winning strong local policies that protect renters and homeowners, and shifting the national debate on housing. Right To the City (RTC) is working collaboratively across sectors to develop national housing policy that ensures that our communities and future generations have homes that are truly affordable, stable, and dignified. The campaign has grown to include 25 RTC member groups and a formal partnership with the National Low Income Housing Coalition.