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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 393
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Opinion: More financing options for ADUs are needed

Housing Wire

A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

Finance 477
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TransUnion to pay $23M to settle complaints of inaccurate tenant screening, security freeze failures

Housing Wire

Samuel Levine, director of the FTC’s Bureau of Consumer Protection, added that consumers who may have issues finding housing “shouldn’t be shut out by tenant screening reports that are ridden with errors and based on data from secret sources,” he said.

Tenants 403
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ADU options set to expand in California

Housing Wire

A recent survey conducted by Villa , the largest builder of ADUs in California, found that 60% of the tenants living in these units report being able to “live in a neighborhood they would not otherwise be able to afford.” But some experts believe that financing options for ADUs need to be expanded.

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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 404
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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.

Tenants 369
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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 471