Industry Warns Against Tenant Protections Attached to Federally Backed Loans

The Real Deal, Aug. 1, 2023–Nicole Rosenthal
On the last day to comment on adding tenant protections at multifamily properties with federally backed loans, a major industry group unleashed a fusillade of objections. Rent control and other regulations attached to multifamily loans from government-sponsored entities would discourage the industry from using the financing, the Mortgage Bankers Association said. The result would be less affordable housing production, the group said.