Community Development



December 15, 2009

Maryland Renters and Foreclosure Conference Press Release

Baltimore, Md.

The Federal Reserve Bank of Richmond will host the Maryland Renters and Foreclosure Conference on Thurs., Dec. 17, which will explore the impact on state renters of the new federal Protecting Tenants at Foreclosure Act (PTFA).

The day-long conference, which is co-sponsored by the Baltimore Homeownership Preservation Coalition, Rental Housing Coalition and Public Justice Center, will take place at the Baltimore branch of the Richmond Fed from 9:30 a.m. to 3 p.m.

Enacted in May, PTFA provides that most tenants' leases remain in effect in the event of foreclosure and tenants with a month-to-month lease be given at least a 90-day notice to vacate the property.

"With rising numbers of foreclosures in Maryland and new implications from the PTFA, it is important to make renters aware of their rights," said Ellen Janes, regional community development manager in the Richmond Fed's Baltimore branch.

A panel of key players involved with drafting and implementing the new law will include Danna Fischer, legislative director and counsel for the National Low Income Housing Coalition; David Rammler, director of government relations for the National Housing Law Project; and Angelyque Campbell, supervisory policy analyst for the Division of Consumer and Community Affairs for the Federal Reserve Board in Washington, D.C.

National and state experts in housing and foreclosure policy will also examine how the PTFA protections apply in Maryland and discuss strategies for ensuring that renters are aware of their rights. Speakers from Maryland state agencies will address consumer protection issues and emerging trends on fraud and other rights violations.

In addition, the conference aims to build resource capacity by providing special training for attorneys and housing counselors to educate them on the new federal law and to provide renters with sound counseling and legal advice.

For more information on this event, visit the Conference & Event page.

The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.


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