![]() ![]() The coalition says one of Freddie Mac and Fannie Mae’s goals is to create more housing opportunities for low- and moderate-income residents, but rent stabilization rules are “contrary” to that goal because they entice current renters to stay longer at the expense of new renters who will face fewer and more expensive options. “It disincentivizes multifamily housing investments.” “Research has proven repeatedly that mandatory rent control is a failed policy, which does nothing to alleviate the root causes of housing affordability issues – namely the fact that our nation’s housing supply has not kept pace with the needs of our growing population,” the coalition wrote. But instead of rent control mandates that “exacerbate the housing affordability crisis,” the group suggested voluntary incentives within Fannie Mae and Freddie Mac programs, saying those work best to create and expand the nation’s affordable housing supply. ![]() The coalition, which includes the National Association of Realtors® (NAR), wrote that mandatory rent control and rent stabilization policies will increase rents, reduce the capital needed to boost the supply of housing, and ultimately hurt current and future renters.įHFA is currently considering changes that could impact multifamily housing backed by Fannie Mae and Freddie Mac. The letter offered a warning that some policies under consideration could backfire and make the nation’s affordable housing crisis worse rather than better. WASHINGTON – Eighteen associations representing housing providers, lenders and residents sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson. Florida Realtors Board Certified Professionals. ![]() Specialties, Designations & Endorsements. ![]()
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