Federal Issues
NAR Submits Comments on the FHFA’s Request For Information on Administration’s Tenant’s Bill of Rights
August 20, 2023
On Monday, July 31, NAR submitted its response to the Federal Housing Finance Agency’s (FHFA) Request for Information (RFI) on tenant protections in Fannie Mae or Freddie Mac-backed multifamily rental properties. The RFI asked about a range of tenant protections, including eviction practices, rent increases, and notice requirements. NAR stressed in its response the need for policies that address the root causes of high rents, including removing barriers to constructing new affordable housing, incentivizing participation in the Housing Choice Voucher program, and funding existing HUD programs. Further, policies such as rent control are not solutions to high rents and low inventory but rather reduce property values, disincentivize new development, and favor current residents over future ones.
About the GRBOR Market Brief
The Greater Rome Board of REALTORS® (GRBOR) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS).For more information on details of this month's report, please contact the Board at 404.845.4025.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Greater Rome Board of REALTORS®
The Greater Rome Board of REALTORS® (GRBOR) has been an instrumental factor in the growth of real estate in Floyd County, Georgia for more than a decade. GRBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About Georgia Multiple Listing Service
Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact georgiamls@gamls.com.