FHFA Announces New Tenant Protections For GSE-Backed Properties

FHFA Announces New Tenant Protections For GSE-Backed Properties

Multifamily properties financed by Fannie Mae and Freddie Mac must adhere to new tenant protections announced by the Federal Housing Finance Agency. Housing providers must now provide tenants with 30-day written notices of rent increases and lease expiration, plus a 5-day grace period for rent payments. This is the first time tenant protections will be…

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