article thumbnail

FHFA issues RFI on multifamily property tenant protections

Housing Wire

The Federal Housing Finance Agency (FHFA) issued on Tuesday a request for input (RFI) regarding protections for tenants at multifamily housing properties backed by mortgages from Fannie Mae and Freddie Mac. FHFA seeks feedback from a diverse set of viewpoints on issues related to multifamily tenant protections.”

Tenants 321
article thumbnail

Rental assistance isn’t reaching at-risk tenants

Housing Wire

percent, according to an analysis by the National Low Income Housing Coalition , a national tenant advocacy group. One of the biggest challenges many state and local government programs continue to face in getting assistance to renters and landlords is application processing delays,” the Treasury said in a statement. Overall, $5.1

Tenants 404
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Thousands of government-backed mortgages impacted by Maui fire

Housing Wire

The waivers come as thousands of government-backed mortgages on the island have been impacted by the disaster, according to data released by the office of Hawaii Gov. Josh Green (D).

article thumbnail

Rural America is losing affordable housing at a crisis pace

Housing Wire

After those government-supported mortgages terminate due to maturity or prepayment, the owners can, and many do, convert their multifamily properties to market-rate rents, or sell them to new owners that are not committed to providing housing that is affordable to struggling low-income rural tenants.

Tenants 469
article thumbnail

Biden administration rolls out renter protections as rent prices soar

Housing Wire

The federal government and numerous federal agencies will take action on these and other issues outlined in the blueprint. The administration said it will also launch the “resident-centered housing challenge,” which leans on housing providers and state, local and tribal governments to expand access to housing through stronger policies.

Tenants 374
article thumbnail

Trade groups oppose rent control on GSE-backed multifamily properties 

Housing Wire

The letter was in response to a request for input issued by the Federal Housing Finance Agency (FHFA) in May regarding protections for tenants in Fannie Mae and Freddie Mac -backed multifamily properties. It followed a Biden administration initiative launched in January urging housing providers and local governments to combat soaring rents.

Tenants 329
article thumbnail

White House, HUD and CFPB detail new actions and priorities to protect renters

Housing Wire

Multiple agencies across the federal government including the U.S. Also on Thursday in conjunction with the announcements, the CFPB released a blog post describing how “federal housing agencies strongly encourage landlords to provide tenants written notice of their rights.” “We

Tenants 285