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
Remodeling | Sustainability and Green Building
May 27, 2026
Five Steps to a More Sustainable Home RemodelLast month, the American National Standards Institute (ANSI) approved the newly revised 2025 National Green Building Standard® (NGBS), which includes significant changes to promote green renovations. To celebrate National Home Remodeling Month, here are five steps remodelers can take to make their projects more sustainable and put them on a path toward NGBS certification.
Advocacy | Environment
May 26, 2026
EPA Finalizes Refrigerant Rule Update to Allow Older HVAC Unit InstallationThe EPA today published a final rule that will allow the continued installation in new homes of existing HVAC units manufactured or imported prior to Jan. 1, 2025, that use R-410A refrigerant until existing supplies are depleted.
Latest Economic News
Economics
May 26, 2026
First Quarter 2026 Multifamily Construction DataAccording to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts increased year-over-year during the first quarter of 2026. For the quarter, 107,000 multifamily residences started construction.
Economics
May 25, 2026
Custom Home Building – A Bright Spot for ConstructionWith overall single-family construction down 5% for the first four months of 2026, custom home building has been a relative bright spot. The custom building market is less sensitive to the interest rate cycle than other forms of home building but is more sensitive to changes in household wealth and stock prices.
Economics
May 25, 2026
Single-Family Built-to-Rent Slowed at Start of 2026Single-family built-for-rent (or built-to-rent, BTR) construction fell back in the first quarter of 2026, as a higher cost of financing, increased multifamily supply and policy concerns over Congressional legislation related to institutional capital froze parts of the development market.