Statement from Sheila Crowley and Rachel LaForest on Samuels v. Federal Housing Finance Agency

While we are disappointed in Judge Marcia G. Cooke’s ruling on Monday on our lawsuit against the Federal Housing Finance Agency (FHFA) to require the agency to lift its suspension on funding for the National Housing Trust Fund (NHTF), we will continue our advocacy for the affordable housing that the NHTF would provide.  The need for this housing has never been more urgent. Consistent with statutory provisions, FHFA, through its Director Mel Watt, should lift the suspension and direct Fannie Mae and Freddie Mac to provide funding for the NHTF now.

Today, there is a shortage of 7.1 million rental housing units that are affordable and available for extremely low income households.[1] Three-quarters of these households spend half or more of their income for housing, leaving them at high risk of housing instability, eviction, and homelessness….

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