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“While the steady return to normal pre-pandemic routines brings a sense of optimism, the economic impact of COVID-19 will have a lingering effect, particularly on renters who owe back rent and were protected by eviction moratoriums. We found that there is likely enough rental assistance available, and the deployment and accessibility of these funds is vital to supporting renters and property owners in need as the country transitions to a post-pandemic normal.”
–Corey Aber, Freddie Mac Senior Director of Mission, Policy and Strategy.

Apartment Investment Environment Stays Steady

Freddie Mac, McLean, Va., said its Apartment Investment Market Index held steady in the first quarter as continuing low interest rates support the sector.

FHFA, GSEs Extend COVID-19 Multifamily Forbearance Through Sept. 30

The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, subject to the continued tenant protections FHFA has imposed during the pandemic. This is the third extension of the programs, which were set to expire June 30.

CMF News Briefs From HUD, Freddie Mac

HUD on Tuesday announced it is allocating $689,565,492 through the nation’s Housing Trust Fund for affordable housing.

FHFA Holds GSE Affordable Housing Goals Steady in 2021

The Federal Housing Finance Agency yesterday announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac will remain the same as they were in 2020. It also seeks input about future housing goals rulemaking.