Ask Congress to Oppose Forced Foreclosure and Alarmist Renter Notification Proposals
Information Provided by NMHC:
On May 7, the U.S. House of Representatives approved mortgage reform legislation (H.R. 1728) that includes provisions that could be used to prematurely force apartment properties into bankruptcy and then sell them at a lower price to an entity that guarantees to convert them to affordable housing. The bill also includes an unnecessarily alarming renter notification provisions. A comparable forced foreclosure amendment was also proposed but withdrawn from S. 896.
NMHC is actively opposing these very onerous proposals, and we need your help. As the House and Senate work to conference these measures, we need members to contact their lawmakers to strongly oppose the inclusion of these amendments in final legislation.
For more information on the situation and how you can help, see NMHC's Website.