AG​ Schwalb sued real estate lending and investment firm Red Oak Capital Holdings, LLC (Red Oak) for illegal lending practices that discriminate against tenants without housing subsidies.

“Red Oak and the developers it finances have worsened the District’s affordable housing crisis while profiting by flouting our laws. We will not allow Red Oak—or others like it—to limit access to rent-stabilized housing by engaging in source of income discrimination and abusing programs intended to create more housing options for Washingtonians.” – AG Schwalb