Rep. Carolyn Maloney, Leaders & Advocates Urge Reform Of Freddie Mac, Fannie Mae To Strengthen Protections For Affordable Housing

New York, NY – May 22, 2010 – (RealEstateRama) — Congresswoman Carolyn B. Maloney joined with elected officials, community leaders, and affordable housing advocates at a news conference outside Stuyvesant Town to announce her introduction of legislation in Congress, H.R. 5361, that will sharply curtail the ability of Fannie Mae, Freddie Mac, and other government-sponsored enterprises (GSEs) to invest in future transactions that reduce the availability of affordable housing both in New York and nationwide.