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
Fall Leadership Meeting
Oct 26, 2026
Watch Video Highlights from 2026 Fall Leadership Meeting
NAHB members who were unable to join us in Detroit for the 2026 Fall Leadership Meeting can watch some of the highlights on nahb.org.
Economics
Oct 23, 2026
Multifamily Developers: How Are Rising Costs Impacting Your Business?
In 2022, NAHB estimated regulation accounts for over 40% of the cost of a new multifamily development — a key data point in lobbying federal, state and local policymakers against policies that drive up the cost of new housing. This widely cited estimate is now outdated, so NAHB is conducting a survey to update it and needs your help to do so.
Latest Economic News
Economics
Oct 26, 2026
Uptick for Non-Conventional Financing in 2025
Nationwide, the share of non-conventional financing for new home sales accounted for 32.4% of the market, according to NAHB analysis of the 2025 Census Bureau Survey of Construction (SOC) data.
Economics
Oct 23, 2026
A Quarter of Remodelers Started ADUs Over Past Twelve Months
When asked if remodelers started a project involving an Accessory Dwelling Unit (ADU) over the past twelve months, 24% indicated that they were building an addition for use as an ADU and 23% indicated that they were converting an existing space to an ADU, according to NAHB’s Remodeling Market Index (RMI).
Economics
Oct 23, 2026
Slabs Overtake Basements in the East North Central Division
Nearly three-quarters of new single-family homes started in 2025 were built on slab foundations, according to NAHB analysis of the U.S. Census Bureau’s Survey of Construction (SOC).