All Legislation
Will of Council2016-0420Adopted

NOW, THERFORE BE IT RESOLVED, that the City of Pittsburgh will communicate with Fannie Mae, Freddie Mac, HUD and the Federal Housing Finance Agency (FHFA - which oversees Fannie Mae and Freddie Mac) and ask them to: 1) Continually notify the City of the number of mortgages that are 90+ days delinquent that they hold in our city and the state as a whole; and 2) Meet with us to discuss the potential of selling their severely delinquent mortgages to one or more nonprofits; and 3) Commit to not sell off any mortgages in our city, and the state as a whole, to Wall Street speculators until we have worked together to attempt the sale of these precious housing assets to mission-driven nonprofits.

Progress

Introduced

May 17, 2016

In Committee

May 17, 2016

Passed

May 17, 2016

Enacted

May 17, 2016