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FHFA Issues New Tenant Protections

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the GSEs). The GSEs will monitor and enforce these tenant protections, and failure to comply could result in penalties under the loan agreement.

Tenants 435
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HUD Grants Millions to Help End Homelessness, Prevent Evictions

Appraisal Buzz

Through the Eviction Protection Grant Program (EPGP), a first-of-its-kind federal program created to increase the availability of legal services to tenants at risk of or subject to eviction, the U.S. Legal experts supported by this funding help provide housing stability across the country.

Tenants 468
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Fannie Mae expands voucher program for multifamily landlords

Housing Wire

without source-of-income protections (provided their property is not already legally required to accept the vouchers and that at least 40% of the units are affordable or considered “small area fair market rents”). It’s now available to borrowers in all parts of the U.S.

Landlords 410
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Zillow to list housing discrimination protections

Housing Wire

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. of rental listings in the country are located in areas that offer tenants protection against source of income or voucher discrimination.

Landlords 488
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Invitation Homes to pay $3.7 million in California rent-gouging case

Housing Wire

Invitation Homes , the nation’s largest single-family rental landlord, has reached a settlement to address accusations it violated California ‘s “rent gouging” laws, the state’s Attorney General Rob Bonta announced on Monday. million in civil penalties. million in civil penalties. million, Bonta’s office said.

Tenants 418
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Big-name brokerages among those accused of income-based discrimination in California

Housing Wire

But as many as 200 real estate agents , brokerage firms and landlords are alleged to have violated this law by discriminating against applicants with federally subsidized Section 8 Housing Choice Vouchers, according to an undercover investigation conducted by the Housing Rights Initiative (HRI). ”

Brokerage 447
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Biden administration rolls out renter protections as rent prices soar

Housing Wire

The Federal Housing Finance Agency (FHFA), along with Fannie Mae and Freddie Mac , stated in the blueprint that the agencies will consider the establishment of tenant protections to limit “egregious rent increases” for properties purchased with certain types of federal mortgages.

Tenants 403