Fair Housing Communities Reach Settlement with

Lawndale News Chicago's Bilingual Newspaper - Local News

HOPE Fair Housing Center, Open Communities, South Suburban Housing Center along with the National Fair Housing Alliance (NFHA) and 17 other local fair housing organizations throughout the country, reached a landmark $53 million agreement with Fannie Mae (formally known as the Federal National Mortgage Association) to resolve a case arising from allegations that Fannie Mae treated foreclosed homes in communities of color unfavorably. The settlement will help rebuild and strengthen communities of color in 39 metropolitan areas including Chicago, IL and Gary, IN. In the case, plaintiffs alleged that Fannie Mae maintained and marketed its foreclosed homes in predominantly White neighborhoods while allowing similar homes in communities of color to fall into disrepair and that this differential treatment exacerbated the damage caused by the 2008 mortgage crisis and impeded recovery from the crisis in neighborhoods of color. The case was the first time a federal court confirmed the nation’s fair housing laws cover the maintenance and marketing of Real Estate Owned (REO) properties. The plaintiffs’ 2016 allegations against Fannie Mae arose after a comprehensive, four-year investigation of more than 2,300 Fannie Mae-owned foreclosed properties in 39 metropolitan areas in the country. Of those properties, 378 were located in the Chicago and Gary metropolitan areas.  The plaintiffs collected more than 49,000 photographs revealing poorly maintained properties in Black and Latino communities, particularly as compared to properties in predominantly White neighborhoods. HOPE Fair Housing Center, Open Communities, South Suburban Housing Center, and the other fair housing groups are represented by noted civil rights law firms Relman Colfax PLLC and Dane Law LLC.

Lawndale News Chicago's Bilingual Newspaper - Local News

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