What's Hot: The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn | Do Three Months of Rising Home Sales Mean The Market is Turning a Corner?
FHFA Now Requires Multifamily Owners with Mortgage Forbearance To Notify Tenants
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.
See other articles related to: eviction moratorium, fannie mae, fhfa, freddie mac, mortgage forbearance
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

New renderings show the public space that will be part of the huge new residential de... read »

Several large projects are in the works across the Potomac in Rosslyn while others ha... read »

As Los Angeles looks to implement a "mansion tax" on April 1, UrbanTurf decided to ta... read »

In this week's edition of Above Asking, we highlight a home in Mount Pleasant that so... read »

The 2023 Home Buyers and Sellers Generational Trends report out today found that bab... read »
- New Renderings Show Retail Plaza, Park at 435-Unit Takoma Metro Development
- The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn
- A Closer Look at the Mansion Tax
- 12 Offers, $273,000 Above Asking in Mount Pleasant
- Baby Boomers Pass Millennials As Largest Generation of Homebuyers, Per Report
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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro