Chair of the Joint Economic Committee, Congresswoman Maloney Writes to Fannie/Freddie
The Chairwoman of the powerful Joint House and Senate Economic Committee, Congress Member Carolyn Maloney, turned her looking glass this month upon on the questionable investments made by Fannie/Freddie in Stuy-Town/Peter Cooper Village.
In addition to sending the letter linked below, she and her staff have also been meeting with Fannie Mae, Freddie Mac and their regulator on this, and she is working on legislation that would prevent these government-sponsored enterprises from again investing in a project like this, where the goal of the owner is to drive out affordable tenants.
We urge you to read the letter, which asks some key questions and clarifies the role Freddie and Fannie might play inthe future of our community.
Read the letter here:
http://www.stpcvta.org/flyers/unity/030510_ltr_to_gses_re_stuy_town.pdf
Post a comment
Commenting is not available in this channel entry.