07/22/2023
The Federal Housing Finance Agency (FHFA) is seeking feedback on regulations that could help protect tenants! The FHFA regulates properties backed by Fannie Mae and Freddie Mac, meaning that any landlord with a property backed by either company would be subject to conditions laid out by these regulations.
The survey is available here! Be sure to select Tenant Protections under “Select a Topic”: https://www.fhfa.gov/AboutUs/Contact/Pages/Request-for-Information-Form.aspx
Examples of specific questions being asked are below. The full list of questions in available on page 9 (labeled 7) here:https://www.fhfa.gov/Media/PublicAffairs/PublicAffairsDocuments/Multifamily-Tenant-Protections-RFI.pdf
“Please provide recommendations on possible requirements that could apply to each of the following, and/or examples of existing policies, including an assessment of the benefits and/or drawbacks:
•Lease renewals
•Timing and amount of rent increases
•Upfront or ongoing fees
•Causes for eviction
•Notification of eviction actions
•Right to cure a cause for eviction
•Time to vacate following eviction.”
“What minimum tenant protections should FHFA consider at [Fannie Mae/Freddie Mac]-backed multifamily properties? [...] Please provide specific examples as appropriate.”
“Should [Fannie Mae/Freddie Mac] require borrower compliance with ongoing property maintenance after an initial inspection?”
This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
