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
Membership
May 29, 2026
Celebrate National Homeownership Month with New NAHB ResourcesPromote National Homeownership Month this June with NAHB’s online toolkit, a ready-to-use guide to showcase the value of homeownership nationwide.
Spring Leadership Meeting | Advocacy
May 29, 2026
How to Engage with Lawmakers and Officials at NAHB’s Spring Leadership MeetingTo help members engage in advocacy across various levels of government, NAHB has put together a number of programs for the upcoming Spring Leadership Meeting that will prepare attendees to lobby members of Congress to protect their businesses and industry, engage with administration officials and better understand the evolving regulatory landscape.
Latest Economic News
Economics
May 28, 2026
New Home Sales Down in April on Affordability ConcernsElevated mortgage rates, higher inflation and economic uncertainty kept more buyers on the sidelines in April as ongoing affordability challenges continue.
Economics
May 27, 2026
Multifamily Missing Middle Construction: First Quarter 2026The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has generally disappointed since the Great Recession.
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.