“Our members believe that key elements within this House-passed package would provide essential relief to millions of individuals and families affected by the COVID-19 pandemic, as well as much-needed assistance to businesses that have been hurt by the economic impact of the national emergency. Our association sees a continued need for additional targeted assistance for tenants, homeowners and businesses affected by the pandemic, particularly those businesses in the retail and hospitality sectors.” --Bill Killmer, MBA Senior Vice President of Legislative and Political Affairs, in a letter this week to Senate leadership urging support of a broad coronavirus relief package.

The Federal Housing Finance Agency announced yesterday that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through June 30, subject to the continued tenant protections FHFA imposed during the pandemic. The programs were set to expire March 31.