(Washington, D.C.) — The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) announced a memorandum of understanding Thursday agreeing to increase enforcement of fair housing and fair lending, a step in the right direction.
The memorandum details the collaboration between HUD and FHFA in information sharing, coordination on investigations, compliance reviews, and the ongoing monitoring of Government Sponsored Enterprises (GSEs) such as Fannie Mae and Freddie Mac. Both agencies will now consult on potential violations of fair housing and fair lending laws that may lead to joint investigations, examinations, and reviews of these enterprises.
“This announcement represents an important step in deterring racially discriminatory practices in fair housing and fair lending. HUD and FHA are signaling that enforcement will be taken seriously after years of neglect. It is just one step toward undoing the legacy of segregation and redlining that have greatly harmed communities of color and resulted in enormous wealth disparities between Black families and white families and communities.”
The Lawyers’ Committee for Civil Rights Under Law’s work leading the National Anti-Eviction Project will continue to work with local organizers and housing groups to ensure that tenants facing eviction have adequate legal representation.
About the Lawyers’ Committee for Civil Rights Under Law – The Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee), a nonpartisan, nonprofit organization, was formed in 1963 at the request of President John F. Kennedy to involve the private bar in providing legal services to address racial discrimination. The principal mission of the Lawyers’ Committee for Civil Rights Under Law is to secure, through the rule of law, equal justice for all, particularly in the areas of voting rights, criminal justice, fair housing and community development, economic justice, educational opportunities, and hate crimes. For more information, please visit https://lawyerscommittee.org.