What a year it has been! With the support of our members, allies, and donors, RTC achieved major wins in our strategy to Remain, Reclaim,and Rebuild our cities!
► National Policy & Research Reports:
RTC released two national reports on the housing affordability crisis and the institutionalization of the single-family housing market. The reports detail urgent policy solutions and recommendations designed by RTC member organizations, and are now being used as powerful organizing and communications tools for local campaigns across the country. To date, over 5,000 people have downloaded the reports!
► Local Tenant Protection Laws:
RTC’s new Right to Remain Committee works to pilot and replicate successful trans-local (multi-city) campaigns to expand renters’ rights. Committee members won two model campaigns in 2014! Direct Actions For Rights and Equality (DARE) in Rhode Island won Just Cause Eviction legislation at the state level, which protects tenants in foreclosed homes from no-fault eviction. And Causa Justa::Just Cause (CJJC) in the Bay area, won a new Tenant Protection Ordinance in Oakland that prohibits landlord harassment. RTC will be working to replicate and spread these campaigns to other cities in 2015!
► New FHFA Buyback Program:
For over two years, RTC and our coalition partners have been putting pressure on the Federal Housing Finance Agency (FHFA) to implement principal reduction, allow former owners to buy back their homes, put an end to no fault evictions, and follow through on pledges to contribute to the National Housing Trust Fund. On November 25th, we won a major victory when FHFA announced a new buyback program that will now allow thousands of people who lost their homes to foreclosure to buy back those properties at current market value if their loans were backed by Fannie Mae or Freddie Mac. The change will affect over 121,000 foreclosed homeowners!