Comment Detail
Date: 07/31/23 First Name: R Last Name: W Email: dclxvi@msgsafe.io Organization Type: other Organization: SNA Comment
Tenants in my community encourage FHFA to make government-backed loans for residential rental construction, purchase, or rehabilitation contingent on the borrower's implementation of a robust set of tenant protections. The four items they have recommended most strongly are (1) Eviction only for good cause as specified in the lease, (2) An accounting and receipt system that documents amounts owed and paid and remaining balances (to protect both tenant and landlord), (3) Annual rent increases limited, preferrably to a maximum of 2%, and (4) Creation of a registry of landlords benefitting from favorable federal loan terms. These requirements will help ensure that taxpayer funding benefits both landlords and tenants.
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