On May 31, 2023, the Federal Housing Finance Agency (FHFA) published a Request for Input (RFI) to investigate issues tenants residing in multi-family properties face and to explore potential opportunities for new tenant protections backed by the federal government.

Earlier this year, the White House directed the FHFA in its “Blueprint for a Renters Bill of Rights” to “identify the opportunities and challenges of adopting and enforcing tenant protections including policies that limit egregious rent increases at properties with enterprise-backed mortgages.”

Through July 31, 2023, the FHFA is collecting input from tenants and multifamily housing providers, as well as other stakeholders, to identify these challenges and create a path forward for policies related to rent increases, source of income, communication timeframes, causes for eviction and more.

Why Does It Matter?

Housing providers play a key role in creating opportunities for upward mobility for tenants by helping them access safe, affordable homes. In fact, much of what the FHFA is investigating is related to this work and what housing providers already do in their communities.

Responding to the FHFA’s RFI will help the agency better quantify the size and scope of challenges housing providers and tenants face and will aid them in making informed decisions on future protections.

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