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The Federal Housing Finance Agency (FHFA) has announced three new historic multifamily tenant protections aimed at improving the housing experience for tenants in properties receiving federal funds. These new measures include a 30-day written notice for rent increases, a 30-day written notice for lease expirations, and a 5-day grace period for rent payments. Landlords with mortgages backed by Fannie Mae or Freddie Mac will be required to comply with these new regulations. However, advocates are calling for additional protections to further safeguard tenant rights.
Landlords with mortages backed by Fannie Mae or Freddie Mac would be required to give notice on lease changes. But advocates are asking for more. https://t.co/tAak3vZyMx via @citylab
The Federal Housing Finance Agency has announced new protections for tenants in multifamily properties that get federal funds. Landlords have to give: -30-day written notice of a rent increase -30-day written notice of a lease expiration -5-day grace period for rent payments
Landlords with mortages backed by Fannie Mae or Freddie Mac would be required to give notice on lease changes. But advocates are asking for more. https://t.co/PK2djdPZXf
