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The Federal Housing Finance Agency (FHFA) today announced new required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac. An FHFA blog post described the changes and reasons. Beginning with new loans signed on or after Feb. 28, 2025, covered housing providers will be required to provide tenants with a 30-day written notice of a rent increase, a 30-day written notice of lease expiration and a five-day grace period for rent payments.

The U.S. Department of Housing and Urban Development (HUD) today announced that it has removed revised Multifamily Accelerated Processing (MAP) Guide chapters from public review in order to make further internal edits and review. HUD announced public availability of those chapters Monday, but will now post them for public review at a later date.

The U.S. Department of Housing and Urban Development (HUD) today announced that it is seeking feedback concerning revisions to the Multifamily Accelerated Processing (MAP) Guide. The MAP Guide establishes uniform national standards for lenders to prepare, process and submit loan applications for Federal Housing Administration (FHA) multifamily mortgage insurance. The revisions are to MAP Guide Chapter 1, Chapter 2, Chapter 10, Chapter 15, Appendix 2 and Appendix 15. Comments are due by July 31.

The U.S. Department of Housing and Urban Development (HUD) today released timelines for year-end closing of transactions in the Rental Assistance Demonstration (RAD) program. For RAD transactions with a Nov. 30 deadline–which enables properties to receive RAD starting Jan. 1, 2025–the deadline to upload all required financing plan (for public housing) or conversion plan (for public rental assistance contract [PRAC]) documents is July 1, the deadline to receive a HUD-executed RAD Conversion Commitment (RCC) (for public housing) or conditional approval level (for PRAC) is Aug. 30, the deadline to complete a closing package is Sept. 13 and the deadline for all RAD documents to be approved and ready for HUD signatures is Nov. 15.

The Federal Housing Finance Agency (FHFA) today released proposed Duty to Serve (DTS) Underserved Markets Plans for 2025-2027 for Fannie Mae and Freddie Mac, as well as a request for input.

Nine cosponsors introduced legislation in the U.S. Senate earlier this month to provide a one-time, $70 billion appropriation to address the backlog of maintenance and repairs for public housing. The Public Housing Emergency Response Act mirrors a companion bill introduced in the House of Representatives in January 2023. The National Association of Housing and Redevelopment Officials (NAHRO) recently estimated $90 billion in backlog of repairs needed for existing public housing stock.

Legislation to require annual property-specific reporting by housing finance agencies to the U.S. Department of Housing and Urban Development (HUD) on properties financed by low-income housing tax credits (LIHTCs) was introduced this week in the House of Representatives. According to a press release from co-sponsors Reps. Steven Horsford, D-Nevada, and Emanuel Cleaver, D-Missouri, the Housing Market Transparency Act (H.R. 8500) would require HFAs to report such data as developmental costs, habitability standards and ownership details.

The U.S. Department of Housing and Urban Development (HUD) will publish in an upcoming edition of the Federal Register a notice of proposed rulemaking to update regulations for the HOME Investment Partnership Program (HOME).

The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Friday’s Federal Register establishing renewal funding inflation factors (RFIFs) and the methodology to calculate them to adjust fiscal year 2024 renewal funding for the housing choice voucher program for public housing agencies (PHAs).

The U.S. Department of Housing and Urban Development (HUD) published a final rule in today’s Federal Register implementing changes made through the Housing Opportunity Through Modernization Act (HOTMA) of 2016. The final rule makes amendments to the housing choice voucher (HCV) and project-based voucher (PBV) programs and establishes a definition of public housing agency (PHA)-owned housing.

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