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COVID Protections Continue, FHFA Extends Multifamily Forbearance Deadline

USA Real Estate News-RISMedia - Mon, 2021-09-27 05:06

Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, according to the Federal Housing Finance Agency (FHFA). However, this will be subject to the continued tenant protections FHFA has imposed during the pandemic.

This marks the fourth extension of the programs, previously set to expire Sept. 30, 2021. On Oct. 1, 2021, FHFA will allow Fannie and Freddie to continue offering COVID-19 forbearance to qualified multifamily owners, unless otherwise instructed by the FHFA.

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