With the ever-troubled Stuyvesant Town now bordering on default, particularly in the wake of last month’s giant court decision, a set of elected officials has begun taking their concerns straight to the 11,200-unit complex’s debt holders: Fannie Mae and Freddie Mac.

Bypassing the current owners–a partnership led by Tishman Speyer–the officials who represent the property sent a letter last week effectively asking for kindness and cooperation during the inevitable restructuring process (within the next…