Community Development Innovation Review

February 2014

Affirmatively Furthering Fair Housing in REO-to-Rental Programs


The REO-to-Rental program is particularly intriguing from a fair housing perspective. In January 2012, the Federal Housing Finance Agency (FHFA) launched its REO-to-Rental program, which converts pools of foreclosed REO properties held by the government-sponsored enterprises into affordable rental properties. Fair housing advocates viewed this program as a new opportunity for affordable rental properties in less-segregated, low-poverty communities—that is, until they discovered that the FHFA and the Department of the Treasury had made no effort to conform the new program to the requirements of the federal Fair Housing Act. This article discusses how the federal agencies responsible for the REO-to-Rental program can take advantage of this opportunity in the future, even if it has so far eluded them.

Download the article (pdf, 107.66 kb)

Other articles in this issue

Innovative Strategies for Mitigating the Foreclosure Crisis and Stabilizing Communities

Policy Lessons from the Neighborhood Stabilization Innovations Initiative

Targeted Neighborhood Stabilization: Lessons in Resilience in Weak Market Cities

Scaling Social Enterprises: Flexible Responses for Neighborhood Stabilization

Rethinking Tenure: Building a Diverse Landscape of Affordable Housing Options

Strengthening Neighborhood Stabilization: Refining Business Models for Housing Counseling

The Federal Housing Administration’s Distressed Asset Stabilization Program: An Innovative Solution for Addressing the National and Local Impacts of the Recession

Reflections on the Crisis: The Need for Public Sector Entrepreneurialism

Foreclosure Recovery: The Work That Remains