Garodnick, Schumer Lead Stuyvesant Town Rally to Preserve Affordability

Council Member Garodnick and U.S. Senator Charles Schumer, along with their elected colleagues, led hundreds of Stuyvesant Town and Peter Cooper Village tenants in a rally to insist that Fannie Mae and Freddie Mac—as the largest creditors who now effectively control the property—ensure a seamless transition to new management, provide adequate building maintenance, and preserve long-term affordability for renters.

“Preserving affordability is Fannie and Freddie’s core mission—there are 25,000 tenants who are watching to make sure they don’t cut and run on us now,” said Council Member Garodnick. "This property must be owned by tenants, or an entity that is partnered with the tenants, who will keep this property affordable to middle-class people today and into the future."