Administration Announces Steps to Increase Affordable Housing Supply

The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.

FHFA Encourages Landlords to Apply for Emergency Rental Assistance Before Evicting Tenants

The Centers for Disease Control’s eviction moratorium expired July 31, but the Department of Agriculture, HUD, the Department of Veterans Affairs and the Federal Housing Finance Agency extended their foreclosure-related eviction moratoria until September 30. The agencies issued a joint statement​ encouraging landlords of properties backed by Fannie Mae or Freddie Mac to apply for Emergency Rental Assistance before starting the eviction process for non-payment of rent.