Freddie Mac Multifamily has issued a series of tenant protection guidelines for all future Manufactured Housing Community (MHC) transactions.
The government-sponsored entity said that the protections, as defined by the Federal Housing Finance Agency’s (FHFA) Duty to Serve regulation, are intended to support homeowners whose property sits on leased land.
“Manufactured housing communities often represent the most affordable multifamily housing option available in many areas, particularly rural areas,” said Debby Jenkins, executive vice president of Freddie Mac Multifamily. “We have been ramping up our tenant protections offering since 2018, and today we’re making these protections a requirement for all future transactions.”