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
Advocacy | Economics | Membership | IBS
Sep 03, 2026
Podcast: Challenges Ahead for Housing and Congress
On the latest episode of NAHB’s podcast, Housing Developments, CEO Jim Tobin and COO Paul Lopez highlight major issues impacting the residential construction industry — including immigration, gas bans and tariffs — and key upcoming events.
Safety
Sep 03, 2026
Jobsite Safety is Falling Behind at Smaller Home Builders, But Can Improve
According to a new academic study, small residential construction firms account for a disproportionate number of annual construction fatalities, but opportunities exist to improve jobsite safety through more deliberate communication and safety buffers.
Latest Economic News
Economics
Sep 02, 2026
House Price Appreciation by State and Metro Area in the Second Quarter of 2026
U.S. house prices continued to rise in the second quarter of 2026, with most states and metropolitan areas recording annual gains. Elevated borrowing costs and affordability constraints remained important headwinds, while limited housing supply continued to support prices in many markets, particularly across parts of the Midwest and Northeast.
Economics
Sep 01, 2026
Number of Open Construction Sector Positions Rising
The number of open positions in the construction sector increased in July per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down from three years ago due to declines in construction activity, particularly in housing.
Economics
Sep 01, 2026
HBGI Q2 2026: Single-Family Construction Contracts Broadly While Multifamily Expands
Home building trends diverged across geographies in the second quarter of 2026. According to the Home Building Geography Index (HBGI), single-family construction declined in nearly all geographic categories, although the contraction eased in most markets from the first quarter.