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

Housing Wire

Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have all renewed their efforts to protect tenants renting in multifamily housing units as costs continue to climb, according to an announcement from the White House. “[HUD], the U.S.

Tenants 369
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TransUnion to pay $23M to settle complaints of inaccurate tenant screening, security freeze failures

Housing Wire

TransUnion “failed to take steps to ensure the rental background checks that landlords use to decide who gets housing were accurate,” and “withheld, from renters, the names of third parties that were providing the inaccurate information,” the agencies said in a joint statement, leading to an initial $15 million settlement. “We

Tenants 406
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Biden administration rolls out renter protections as rent prices soar

Housing Wire

Rent hike protections Nearly one-third of all rental units nationwide are financed with federally backed mortgages — and the blueprint may help curb some of the steep rent price increases for these properties. Fannie Mae provided more than $69 billion in debt financing to support the multifamily market last year.

Tenants 407
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HUD proposes 30-day notice rule for public housing rent nonpayment

Housing Wire

PHAs with tenants in public housing and owners of properties participating in HUD multifamily project-based rental assistance programs would need to provide “written notification at least 30 days” before a court filing for an eviction due to rent nonpayment.

Tenants 492
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FHFA extends forbearance for rental properties

Housing Wire

The Federal Housing Finance Agency (FHFA) has extended forbearance options for multifamily properties through the end of September. The regulator also extended protections for tenants that property owners must adhere to in order to access forbearance. Landlords also can’t charge late fees or penalties for non-payment of rent.

Tenants 475
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Till raises $8 million in seed funding for flexible rent platform

Housing Wire

Route 66 Ventures , MetaProp and NextGen Venture Partners participated in the financing, the first external round of funding for the Washington, D.C.-based The company partners with institutional landlords, who then offer it to their tenants. based company since its 2017 inception.

Landlords 445
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Building a fairer financial future with rent payment reporting

Housing Wire

California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus.

Tenants 437