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
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Introduced
May 17, 2016
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In Committee
May 17, 2016
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Passed
May 17, 2016
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Enacted
May 17, 2016