While the Federal Housing Finance Agency (FHFA) has been offering multifamily property owners with federally-backed mortgages conditional forbearance since March, now the provision includes more accountability.
FHFA announced last week that owners of multifamily buildings who take advantage of forbearance must notify their tenants, in writing, of the forbearance and of the tenant protections extended as a result of that forbearance. The federal mortgage forbearance requires an eviction moratorium (for rent nonpayment), as well as waived late fees and acceptance of repayment over time.
The multifamily forbearance-for-eviction moratorium covers up to one in four rental units nationwide; lookup tools to determine whether your rental unit is covered by a federally-backed mortgage are available here.
Thumbnail image by Ted Eytan.
This article originally published at https://dc.urbanturf.com/articles/blog/fhfa-now-requires-multifamily-owners-with-mortgage-forbearance-notify-tenan/17176.
Most Popular... This Week • Last 30 Days • Ever
The Washington Nationals great didn't move out of the area, though.... read »
UrbanTurf put together a quick primer on the ins and outs of a home auction.... read »
As the Capitol Riverfront neighborhood nears its development capacity, a new effort p... read »
The plans for the large new apartment project from Perseus TDC are coming into focus.... read »
Closed and pending home sales in the area fell significantly last month, as home pric... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
This Week's Find is one of the more interesting homes in DC's Foxhall neighborhood. ... read »
The mall will be reimagined as a 7-story, 325-unit apartment project with 25,000 squa... read »
While DC's rising home prices have been the story for years, there are some areas of ... read »
Approximately 25% of listings on the market in the city have experienced a price redu... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro