U.S. Federal Housing Director Bill Pulte announced on March 31, 2025, that he has vacated the advance notice requirements for housing funded by Fannie Mae and Freddie Mac. This action reverses a component of the previous administration's Renters Bill of Rights.
The advance notice requirements typically mandated landlords to provide tenants with a certain period of notice before rent increases or lease non-renewals. This reversal impacts properties that receive financing through Fannie Mae.
This policy change affects the operational framework for multifamily property owners utilizing Fannie Mae financing. The implications for tenant protections and landlord flexibility in these properties will be observed.
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