News

Families see a looming catastrophe. Private equity firms see dollar signs.

Opinion by Elizabeth Warren and Carroll Fife

Elizabeth Warren, a Democrat, represents Massachusetts in the U.S. Senate. Carroll Fife is the director of the Oakland office of the Alliance of Californians for Community Empowerment.

The Washington Post - The nation is facing an accelerating housing crisis. Too many people had no stable housing before the pandemic hit, and covid-19 has made the problem even worse. Renters who were already facing an affordable housing shortage (with many spending more than half of their income on rent) now have no federal rental assistance or federal protection from eviction. Homeowners have less than a month left of foreclosure protection. And more than 30 million people receiving unemployment insurance just saw their benefits cut by $600 a week, raising the threat of a wave of defaults that could trigger a double-dip recession.

Families see a looming catastrophe. But private equity firms just see dollar signs.

Read the entire article here.

Instagram

@acce_action