Houston City Council approves additional $20M in rent relief

Houston City Council approves another $20M in rent relief As Houstonians continue to suffer through the economic crisis brought on by the COVID-19 pandemic, city council unanimously approved a second round of rental relief. HOUSTON – By unanimous vote, Houston City Council approved a second round of rental relief, aimed at citizens hard-pressed by the…

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Next pandemic threat to economy: a wave of evictions

Even in good times, 2 million or more households can face eviction in America in any given year. Low-income renters, especially, often scrape by on margins too narrow to absorb even modest difficulties. Now, the coronavirus pandemic, disrupting the income of legions, could create a tsunami of evictions.  Some states have seen temporary bans on…

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Freddie Mac Multifamily offers new forbearance options and tenant protections

Freddie Mac Multifamily announced Monday that it has created three additional forbearance options to assist multifamily borrowers who have been impacted by COVID-19. Those options also extend tenant protections. The options include delaying the start of the repayment period following forbearance; an extension of the repayment period; and, an extension of the forbearance period with…

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Fannie Mae Announces Updated Protections for Renters Impacted by COVID-19

“Fannie Mae is pleased to announce the latest tenant protections offered to multifamily renters impacted by COVID-19, including the ability for an impacted renter to repay owed rent over time and not all at once,” said Jeff Hayward, Executive Vice President, Multifamily. “Further, by offering our multifamily borrowers a forbearance extension up to six months,…

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