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New Requirements for Multi-Family Properties with Fannie/Freddie Financing

07/12/2024 5:00 PM | Anonymous

The Federal Housing Finance Agency (FHFA) today announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the Enterprises).

Covered housing providers will be required to provide tenants with the following:

  • 30-day written notice of a rent increase
  • 30-day written notice of a lease expiration
  • 5-day grace period for rent payments
These protections will be required for new loans signed on or after the policy effective date, February 28, 2025.

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Rental Property Association of Wisconsin, Inc. (Formerly AASEW)
P.O. Box 4125
Milwaukee, WI 53204-7905
Phone: 414-276-7378

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