“It’s a bloodbath”: Fannie, Freddie flee Mamdani’s rent-freeze train wreck

We interrupt your election fallout coverage for an important development in the slow-moving train wreck that is rent-stabilized housing: Freddie Mac has paused its lending to those buildings and Fannie Mae has baked years of rent freezes into its underwriting, the City Reporter’s Greg David reported. These actions, along with the collapse of Signature Bank and the withdrawal of other rent-stabilized lenders, are “making it impossible or extremely difficult for landlords to get financing,” David wrote. This was not a secret in the world of affordable and rent-stabilized housing. People have been talking about it for many weeks, and surely […]

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