Multifamily property owners who are struggling to make mortgage payments due to the coronavirus pandemic now have a reprieve through the end of March for mortgages backed by Fannie Mae and Freddie Mac, the Federal Housing Finance Agency announced on Wednesday.

Forbearance options for multifamily mortgages backed by the GSEs were set to expire on Dec. 31, but the FHFA has extended that till March 31, 2021, provided landlords are also extending benefits to their renters. Landlords must:

• Inform tenants in writing about tenant protections available during the property owner’s forbearance and repayment periods; and
• Agree not to evict tenants solely details ⇒

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