Archives For: multifamily
New Freddie Mac Initiative Helps Renters Build Credit
Freddie Mac today announced a new initiative to help renters build credit by encouraging operators of multifamily properties to report on-time rental payments to the three major credit-reporting bureaus.
3 Nov 2021
FHFA: Multifamily Tenant Protections Announced
On July 28, the Federal Housing Finance Agency (FHFA) announced that tenants of multifamily properties with mortgages backed by Fannie Mae or Freddie Mac who are subject to eviction for nonpayment of rent must be given 30 days’ notice to vacate before the tenant can be required to leave the unit.
28 Jul 2021
FHFA: Extended COVID-19 Multifamily Forbearance
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021.
3 Jun 2021
Fannie Mae: Protections for Renters Affected by COVID-19 Extended
Fannie Mae announced the extension of its multifamily COVID-19 forbearance program through September 30. The program, which requires landlords to suspend all evictions for renters unable to pay rent during the forbearance period, was previously set to expire on June 30.
3 Jun 2021
FHFA: 2021 Duty To Serve Underserved Market Plan
The Federal Housing Finance Agency (FHFA) published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve program. The plans became effective on January 1, 2021.
5 Jan 2021
FHFA: COVID-19 Multifamily Forbearance Extension
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through March 31, 2021. The programs were set to expire December 31, 2020.
23 Dec 2020
USDA: Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19
The USDA updated a previous announcement regarding immediate measures it is taking to help rural residents, businesses and communities affected by the COVID-19 outbreak. The announcement now highlights guidance issued by the Centers for Disease Control and Prevention ordering a halt in tenant residential evictions.
9 Sep 2020