It plans to open public comment
The Federal Housing Finance Agency (FHFA) is calling for public input on expanding protections for renters in multifamily housing or federally subsidized housing.
In May, the FHFA plans to issue a request for input (RFI) on multifamily tent protections. The agency said it has instructed government-sponsored enterprises Fannie Mae and Freddie Mac to explore the feasibility of expanding tenant protections for multifamily properties they finance and to identify strategies and activities that could increase the nation’s affordable rental housing supply.
“Previously, FHFA announced​ in the White House Blueprint for a Renters Bill of Rights that the agency would conduct a public stakeholder engagement process to identify tangible solutions for addressing the challenges renters are facing nationwide, particularly among underserved communities,” FHFA said in its Press announcement. “The agency has committed to a transparent process that includes broad participation from diverse voices.”
FHFA has set Fannie and Freddie’s multifamily loan limits to $75 billion for 2023, down from $78 billion in 2022, due to the projected contraction of the multifamily originations market.
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