The Federal Housing Finance Agency (FHFA) has announced a new online multifamily property lookup tool from Fannie Mae and Freddie Mac to help renters determine if they are protected in federal law from eviction during the COVID-19 emergency.
By entering their address, renters can determine if the property they are renting has a mortgage backed by the Government Sponsored Enterprises (GSE). The Coronavirus Aid, Relief and Economic Security Act (CARES Act) established a temporary moratorium for evicting residents of these.
According to a release by FHFA, residents able to pay their rent during the eviction moratorium period are still expected to do so. Those who are experiencing hardship and reside in a property with an Enterprise-backed loan can contact the helpline:
Fannie Mae Helpline: 877-542-9723
Freddie Mac Helpline: 800-404-3097
During these unprecedented and challenging times, ensuring that families remain secure in their homes is of utmost importance. MHI’s National Communities Council (NCC) members are on the front lines of this national emergency. As millions of residents are confined to their homes, our members have answered the call to serve—providing impacted residents flexible rent payment options, postponing scheduled rent increases, and providing additional resources and support including services like free lunches, grocery deliveries, and information about employment opportunities and filing for government benefits.
MHI encourages all NCC members to work with residents who are impacted by COVID-19 and reminds members of the principles outlined in the NCC Code of Ethics, which are required for NCC membership.