FHFA Announces 3 New Tenant Protection Policy Changes
The Federal Housing Finance Agency (FHFA) today announced three policy changes effective for all new multifamily mortgage loan applications signed on or after Feb. 28, 2025.
At that time, Fannie Mae and Freddie Mac’s loan documents will require borrowers to provide tenants:
- A 30-day notice of rent increases;
- A five-day grace period for late rent; and
- A 30-day notice of the lease term expiration.
These provisions will not apply to existing mortgages or loan documents signed before the effective date in February 2025.
FHFA, along with Fannie Mae and Freddie Mac, are expected to release more details about the implementation of these policies in August. They also announced that they “will continue to evaluate options for codifying additional tenant protections that advance sustainable housing in a manner that reflects the needs of both tenants and housing providers.”
Latest from NAHBNow
Housing Affordability
Nov 07, 2025
NAHB Leaders Discuss Obstacles to Home Building at U.S. Chamber Housing SummitIn partnership with NAHB, the U.S. Chamber of Commerce on Nov. 6 hosted a daylong housing summit that included several panel discussions featuring members of Congress, industry leaders, and state and local officials that focused on how to resolve the housing affordability crisis and boost the housing supply.
Membership Recruitment and Retention
Nov 07, 2025
How NAHB is Thanking Top RecruitersNAHB's Fall Recruitment Competition and IBS perks are among the ways all recruiters are being appreciated for their efforts.
Latest Economic News
Economics
Nov 07, 2025
Which Local Markets Track National Trends the Most: 2024 Multifamily MAIFollowing the release of the 2024 single-family MAI last week, the National Association of Home Builders developed the Multifamily Market Association Index (MAI) to measure how closely multifamily building permits in metro areas follow national patterns.
Economics
Nov 06, 2025
Multifamily Developer Confidence Increases in Third Quarter, But Still in Negative TerritoryThe Multifamily Production Index (MPI) had a reading of 46, up six points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 74, down one point year-over-year.
Economics
Nov 05, 2025
Bedrooms in New Single-Family Homes in 2024Three-bedroom single-family homes reached their largest share of starts since 2011 and remained the most prevalent number of bedrooms among new homes.