Low-income renters are being displaced. Is it a bank problem?
“But affordable housing advocates have begun to draw attention to a downside of the rental boom, showing how building owners have used aggressive tactics — substantially raising rents and neglecting to make repairs — to push out lower-income tenants to make room for higher-earning ones to whom they can charge higher rents. In the process, they have raised questions about whether the lenders on these properties are abetting this behavior in the way they are structuring loans or by lending to less-than-scrupulous landlords in the first place.”