Local Plaintiffs to Join Right to the City Alliance and the National Low Income Housing Coalition in Tuesday Press Call. Obama urged to take action.
Miami, FL – This Tuesday, national groups representing low-income Americans including seniors, youth, and families are filing suit against Acting Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco for illegally failing to contribute well over $382 million to the National Housing Trust Fund. Details of the suit will be revealed in a Tuesday press call with plaintiffs.
What: Press call announcing legal action against Acting FHFA Director DeMarco for illegally withholding well over $382 million from the National Housing Trust Fund, enough to help provide affordable housing for tens of thousands of low-income families and individuals.
When: 12:30pm, Tuesday, July 9th
Who: Speakers include:
Rachel Laforest, Executive Director of the Right to the City Alliance
Angela Samuels, Plaintiff from Miami
Danielle Stelluto, Plaintiff from New York
Sheila Crowley, President and CEO of the National Low Income Housing Coalition
To participate: 866-952-1906, Code: FHFA
A full copy of the suit will be available by request after the call.
Background: In 2008, Congress passed a provision as part of the Housing and Economic Recovery Act (HERA) to address the dire shortage of affordable rental homes for low-income families. The provision required Fannie Mae and Freddie Mac, which are run by the FHFA, to contribute to the National Housing Trust Fund to support more affordable housing units. Despite Fannie Mae and Freddie Mac declaring record revenue to the tune of $28 billion in 2012, Ed DeMarco and the Federal Finance Housing Agency have refused to contribute the funds. Public records have shown they have withheld well over $382 million from low-income families, youth and seniors in need. Winning this lawsuit would be the largest new investment in low-income affordable housing in over 30 years. This is a first step in turning the tide from disinvestment to investment in affordable housing in our cities.
After the call, plaintiffs in the suit, affordable housing advocates, and low-income Americans will rally in Miami, San Francisco, and NYC in support of the suit and to call on President Obama, the FHFA, and Acting Director DeMarco to take immediate action to fund affordable housing.
Local event information:
NEW YORK – Press conference, Tuesday, July 9, 2pm EDT, Grand Central Terminal with dozens of members of Picture the Homeless, Homeless people, low-income immigrant tenants, public housing residents, and allies rally behind plaintiff Danielle Stelluto.
SAN FRANCISCO- Tuesday, July 9, 11AM PDT, 24th Street BART station, 24th & Mission Streets, Mission District, SF. Causa Justa :: Just Cause along with plaintiff Kim Shanklin and others who have been affected and displaced. Large group leaving notes at 3 sites where tenants have been impacted and displaced; Street theater at each stop
MIAMI – Press Conference, Tuesday, July 9, 2pm, Stephen P. Clark Center, 111 NW 1st, Angela Samuels and Rosana Torres, Plaintiffs Charles Elsesser, Filing Attorney, Community Justice Project of Florida Legal Services Miami Workers Center, member organization of Right to the City Alliance, 30 people
For more information go to homesforall.org and or follow #homes4all @ourcity for updates on local actions.
More information on the National Housing Trust Fund can be found at www.nhtf.org.