The Federal Housing Finance Agency (FHFA) released a summary of responses received to their May 30, 2023, Request for Input (RFI) on resident-centered practices at multifamily properties backed by Fannie Mae and Freddie Mac. NH&RA submitted comments and we are pleased to see them reflected in the summary of responses. The RFI followed the White House Blueprint for a Renters Bill of Rights, which stated that FHFA would launch a process to conduct stakeholder outreach to help identify opportunities and challenges of adopting and enforcing tenant protections. Responses to the RFI are divided into the following topic areas:
- access/barriers to housing;
- access to information;
- tenant stability;
- data & research; and
- risk management.
The report states, “the responses suggest that significant work will be required to advance resident-centered practices at Enterprise-backed properties, where applicable. These responses will be foundational to FHFA’s future exploration of resident-centered management practices at Enterprise-backed properties. FHFA intends to continue its public stakeholder engagement process in 2024.”
