The Federal Housing Finance Agency extended the eviction moratorium until September for Fannie Mae and Freddie Mac-backed multifamily properties that had sought forbearance during the pandemic. The moratorium had previously been set to expire at the end of June.

"While COVID-19 cases are declining and many homeowners continue to emerge from forbearance, many renters, who are unable to benefit from rising home prices, have not financially recovered from the pandemic," said Director Mark Calabria in prepared remarks. "To help those families still struggling to pay their rent and to help multifamily property owners maintain their properties, FHFA is extending the multifamily COVID-19 forbearance and tenant protections through the end of September 2021."

Parsing Calabria's remarks, one might extrapolate that the Centers for Disease Control and Prevention's eviction moratorium, which is also set to expire at the end of June, could be next in line for an extension. The CDC has already extended the moratorium multiple times. In addition, renters' assistance has barely begun to be distributed by state agencies, which could prompt the Biden Administration to extend it again.

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Leslie Shaver

Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.