Community Development Field
To Address Displacement in Your Community, Start by Asking, “Who’s Financing It?”
While developers, tech companies, and greedy landlords are often cited as the usual suspects driving the housing crisis, one group is often overlooked: the banks that finance the deals.
Organizing
REO to Rental: Wall Street’s Latest Idea Hurts California Communities
Over the last few years, communities have witnessed the latest iteration of Wall Street predation—the purchase in bulk of distressed single-family mortgages and foreclosed homes (REOs) with the intent to rent them—so called REO to Rental.