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
Workforce Development
Oct 05, 2026
HBA Support Helps Student-Built Home Program Enter 10th Year
For nearly a decade, the Lakes Region Builders and Remodelers Association has partnered with the local J. Oliva Huot Technical Center to strengthen New Hampshire's residential construction workforce and prepare students for careers in the industry.
Advocacy
Oct 02, 2026
Podcast: Will Congress Flip This November?
On the latest episode of NAHB’s podcast, Housing Developments, Chief Advocacy Officer Ken Wingert joins CEO Jim Tobin and COO Paul Lopez to discuss what to expect ahead of the 2026 midterm elections.
Latest Economic News
Economics
Oct 02, 2026
U.S. Economy Adds 29,000 Jobs in September as Prior Months Are Revised Down
The U.S. labor market cooled in September, with nonfarm payroll employment increasing by just 29,000 as downward revisions erased most of August’s previously reported strength. The unemployment rate edged up to 4.2%, as both employment and the labor force continued to grow.
Economics
Oct 01, 2026
Private Residential Construction Spending Posts Broad-Based Gains in August
Private residential construction spending rose in August 2026 following a series of declines during the second quarter of the year. According to the latest construction spending data from the U.S. Census Bureau, private residential construction spending came in at a seasonally adjusted annual rate (SAAR) of $882.3 billion in August, up 1.1% from July but down 4.8% from a year ago.
Economics
Oct 01, 2026
AI Exposure Remains Relatively Low Across Most Construction Occupations
Artificial intelligence (AI) is rapidly changing how work gets done, but its impact varies considerably across occupations. For most construction occupations, near-term exposure to AI remains relatively low.