Over the past few years, investors have borrowed hundreds of millions of dollars to buy apartment building in working class neighborhoods through so called “predatory equity” financing schemes. The new owners’ financing plans require them to increase building revenues by evicting hundreds of low income tenants, deregulating their apartments, and renting to new tenants at market rates. Because tenants and their lawyers have fought back, eviction rates have been lower than planned and as a result many investors are having trouble paying their mortgages. The owners have been forced to increase eviction pressures, cut services, or fail to pay their loans. As a result, as many as 60,000 affordable housing units are at risk of being lost due to neglect and to bankruptcy.