The Los Angeles County Board of Supervisors have unanimously agreed to create a program that will supply taxpayer-funded attorneys to renters facing eviction. This vote is the first step in establishing the program, known as the “Right to Counsel”Ordinance. The program will use public funds in private legal disputes, with an estimated annual cost of…
Multifamily owners can now tap billions in new federal funding to help fund environment-friendly renovations or upgrades to their properties. The federal Department of Housing and Urban Development has opened its application process for a new fund, the Green and Resilient Retrofit Program, offering as much as $80M in grants or loans, Multifamily Dive reports.…
Washington, D.C. – The Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on tenant protections at multifamily properties with mortgages backed by Fannie Mae and Freddie Mac (the Enterprises). Through their role as secondary market participants in the multifamily housing market, the Enterprises have a public mission to support the availability of…