Andriy Blokhin - stock.adobe.com
On July 1, the Department of Housing and Urban Development (HUD) issued guidance (NOTICE H 20-07) for properties where the owner is receiving forbearance mortgage payment relief. The guidance extends the eviction moratorium and renter protections for all HUD-insured or HUD-held mortgages while under forbearance.
Alongside the guidance, HUD also issued a new online brochure. The brochure, Promoting Housing Stability During The Covid-19 National Emergency, “encourages owners of multifamily properties to provide flexibilities to residents who may be struggling financially as a result of COVID-19.”
Within both documents, HUD outlined a number of tenant protections as conditions of any new, extended, or amended forbearance arrangements due to the COVID-19 emergency for a multifamily property.
For more information on this topic, please visit the NMHC Advocacy webpage. For further COVID-19 related updates, check out the NMHC COVID-19 Advocacy Hub.
