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Fannie Mae expands voucher program for multifamily landlords

Housing Wire

without source-of-income protections (provided their property is not already legally required to accept the vouchers and that at least 40% of the units are affordable or considered “small area fair market rents”). The program was previously limited only to eligible properties in North Carolina and Texas.

Landlords 460
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FHFA Issues New Tenant Protections

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the GSEs). Tenants can see if their property is Enterprise-backed using Fannie Mae’s and Freddie Mac’s multifamily property look-up tools.

Tenants 435
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Virginia Realtors CEO Terrie Suit is retiring

Housing Wire

. “As a delegate, Terrie was recognized by legislative peers and constituents as an expert on housing policy to include real estate licensure, common interest communities, landlord tenant issues, real estate finance, foreclosure , and building and fair housing issues,” her bio reads.

Realtors 417
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Nonprofits Leverage ADUs to Tackle Affordable Housing Crisis

Appraisal Buzz

In New York City, the Basement Apartments Safe for Everyone (BASE) Campaign advocates for legalizing and upgrading underground apartments, many of which qualify as interior ADUs. The diversity of ADU types—from detached units to basement apartments—means that development costs and financing strategies vary widely.

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Knox Financial announces $10 million in Series A funding

Housing Wire

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. “Its full-service, tech-enabled platform has clearly resonated with first-time investment property owners and career landlords alike,” Hower said.

Landlords 388
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Yardi’s rent-setting software illegally drove rent prices up for millions of renters: lawsuit

Housing Wire

RENTmaximizer effectively outsources the management of rental pricing from a landlord to Yardi itself, which then implements higher prices collectively across a group of landlords,” the lawsuit alleged. By 2013, the software was used to price 8 million residential units, attorneys for the plaintiffs argued.

Landlords 413
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LoanSnap troubles continue as California revokes its lender license

Housing Wire

The company was evicted in May from its office in Southern California, with the landlord seeking unpaid rent of more than $530,000. A consent order signed by a Connecticut banking commissioner said that LoanSnap failed to notify the Nationwide Multistate Licensing System (NMLS) that its main address had changed.

Landlords 430