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Freddie Mac spurs landlords to report on-time rent payments

Housing Wire

Freddie Mac wants to encourage multifamily landlords to report positive rental payments to the credit bureaus to give renters a better shot at qualifying for a mortgage. Esusu, a credit-building fintech, will deliver the on-time rental payment reports from landlords’ property management software to the credit bureaus.

Landlords 468
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Opinion: tools for landlords to help low-income tenants

Housing Wire

The federal Housing Choice Voucher (HCV) program is a powerful tool to help low-income families find apartments they can afford, but the program isn’t reaching its potential because far too few landlords participate in it. Why don’t landlords participate?

Landlords 399
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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

Largely nonprofits, mission-based landlords provide affordable housing as a tool for systemic change, including advancing racial equity, reducing economic disparities, and strengthening community resiliency. Many of their development projects require more patience and long-term commitment than other developers are willing to undertake.

Landlords 340
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Zillow to list housing discrimination protections

Housing Wire

Still, federal law does not prevent landlords from rejecting all housing vouchers. The Department of Housing and Urban Development attempted to crack down on landlord discrimination back in 2018. Christopher Roberts, Zillow senior vice president and general manager of Zillow Rentals, said 49.3%

Landlords 488
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HUD Grants Millions to Help End Homelessness, Prevent Evictions

Appraisal Buzz

Department of Housing and Urban Development (HUD) granted $40 million in funding to 21 recipients to support housing stability and prevent evictions and homelessness. However, the majority of renters lack access to legal aid that could enable them to defend against wrongful evictions or come to more amicable agreements with landlords.

Tenants 468
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Biden unveils housing proposal that includes nationwide cap on rent increases

Housing Wire

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Landlords who break the cap would be denied federal tax benefits. Government watchdog Accountable.US

Landlords 482
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HUD proposes 30-day notice rule for public housing rent nonpayment

Housing Wire

Department of Housing and Urban Development (HUD) on Friday published a proposal that would require public housing agencies (PHA) to provide 30 days’ notice before filing an eviction notice in court for nonpayment of rent.

Tenants 471