New Hampshire is experiencing a housing affordability crisis, and John E. Sununu wants to make it worse. According to recent reporting from American Journal News, Sununu wants to privatize Fannie Mae and Freddie Mac, the federally backed mortgage companies that help keep home loans accessible to working families. This could lock many working-class buyers out of the housing market, but it would directly benefit Sununu’s donors. Sununu has received tens of thousands of dollars from hedge funds and corporate landlords who would see their profits increase if this privatization were to take place.
“Once again, John E. Sununu is siding with corporate elites over the people he wants to represent in the Senate,” said American Bridge 21st Century spokesperson Gus Nathanson. “The fact that he wants to line his donors’ pockets and make it even harder for Granite Staters to buy a home is disappointing, but not surprising.”
Read more about John E. Sununu’s campaign against housing affordability:
- In 2011, Sununu wrote a Boston Globe editorial that called for scaling down Fannie Mae and Freddie Mac and replacing them with a fully privatized system that would involve more mortgages being held by large banks.
- He claimed that a program to make mortgages more accessible was unnecessary because “the U.S. government has dozens of programs that subsidize housing.”
- Americans for Financial Reform, a consumer rights nonprofit, says this model would make the lending industry more profit-driven and could lock many working-class buyers out of the housing market.
- Sununu has received donations from executives who would likely benefit from such a change.
- His campaign reported taking in $48,000 from executives at Blackstone, the largest commercial landlord in the country.
- The campaign took in another $17,000 from billionaire John Paulson, who runs a hedge fund that is heavily invested in real estate.
- Both Paulson and Blackstone endorsed a 2017 proposal to privatize Fannie Mae and Freddie Mac. NPR reported in February that privatization would be a “windfall” for Paulson.
Published: Aug 13, 2026