***Due to the Coronavirus-related orders issued by NC Governor Roy Cooper, the GCAA office is open on a limited basis. Staff will be available for drop-in visits on Tuesdays & Thursdays and are available by appointment only on Wednesdays. Staff will also be available by phone and e-mail. We thank you for your patience as we play our part in keeping our staff and broader community safe.***

 

Federal Housing Finance Agency (FHFA) Extends Multifamily Forbearance Through June 30: What It Means

News ,

Apartment owners with forbearance agreements will receive an extension through June 30, 2021.  As part of their forbearance agreements, landlords must:

 

  • Agree to not evict tenants due to the non-payment of rent while their loans are in forbearance. Housing providers canstill evict tenants if they violate other lease terms, for example, smoking inside the building when that's prohibited or making excess noise late at night.
  • Inform residents about the available protections in writing
  • Give residents flexibility to catch up on overdue rent. This includes not forcing tenants to repay back rent in a single lump sum.
  • Not charge residents late fees for overdue rent.
  • Give residents a minimum of 30 days of notice in situations where they have the right to remove a resident….Read more.