This will *not* end well.
Not the least because race/gender/sexual-preference/party-affiliation, NOT ability to pay, will determine who the renters are.
I’d bet there will be a a terrific increase in house fires if they try moving the trash into the middle class neighborhoods.
Dodd-Frank financial “reform” is quite specific about lending guidelines w/ preference. This would transfer property they “took” to the preferred people who cannot and will not every pay. Giant soviet neighborhoods. Or empty downtown Detroit