Beltway Area Indymedia

On Monday, June 4th, HUD tenants and allies from across the US came together to fight for affordable housing and dignity. Rallying in front of the Washington DC office of Deutsche Bank, at 1339 New York Avenue NW, one of the largest investors in AIMCO (a major owner/manager of housing units, including public housing, in the United States), the tenants demanded that Deutsche Bank use its shareholder power within AIMCO to make AIMCO abide by the United Nations Global Compact for Responsible Conduct. Deutsche Bank has proclaimed support the Compact. AIMCO, the Apartment Investment Management Company, has treated tenants with utter contempt, including evicting tenants from subsidized housing in order to construct more profitable market rate homes.