FHFA: RFI on Short-Term Rental Units in Development Projects

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The Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on Fannie Mae and Freddie Mac’s eligibility requirements for mortgages in condominium, cooperative, and planned unit development (PUD) projects where a large portion of units are offered for short-term rental (30 days or less) or are used primarily for the purpose of vacation or recreational lodging.

These projects are often informally referred to as “condotels” or resort condominiums.

The information requested through the RFI will help the agency determine whether changes or clarifications to Fannie and Freddie policies are necessary to ensure more accurate and consistent project eligibility assessments.

The ​FHFA invites feedback on all aspects of the RFI within 60 days of publication (no later than July 5).

Comments can be submitted electronically.

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