FHFA Announces Multifamily Tenant Protections

Last week, the Federal Housing Finance Agency (FHFA) announced that tenants of multifamily properties with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) who are subject to eviction for nonpayment of rent must be given 30 days’ notice to vacate before the tenant can be required to leave the unit.

This requirement applies to all Enterprise-backed multifamily properties, regardless of whether the loan is in forbearance. This 30 days’ notice requirement will also continue to apply even after the CDC eviction moratorium is scheduled to end on July 31, 2021.

For more information, visit: Tenant Protections for Enterprise-Backed Rental Properties in Response to COVID-19 | Federal Housing Finance Agency (fhfa.gov).

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