NMHC applauds action taken by FHFA on March 25 rescinding the federally mandated rental housing provider and resident requirements that were imposed on covered multifamily properties financed by the Enterprises under a Biden-era directive.
Many states and local governments have existing laws and policies related to lease notices and grace periods for late fees, as Pulte said in this order. Requiring the Enterprises to incorporate additional federal requirements will only increase costs and discourage investment at a time when we must take steps to lower housing cost and increase supply. This was one of the key issues highlighted by NMHC and NAA in our March 3 letter to the White House requesting a thorough review of 32 federal programs, rules and regulations at 10 different agencies.
Staff Resource
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