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Freddie Mac Multifamily recently announced a relief program affecting more than 27,000 multifamily apartment properties and the more than 4 million renters who reside at those properties. Multifamily properties are apartment buildings or other rental properties with five or more units.

How this program affects landlords

An apartment building owner with a Freddie Mac Multifamily loan may work with their lender to obtain up to 90 days of forbearance on their Freddie Mac Multifamily loans if their property operations have been adversely affected by the COVID-19 pandemic.

How this program affects renters

In exchange for loan forbearance, apartment building owners must agree to not evict tenants who are themselves adversely affected by COVID-19, whether due to illness, caring for a family member, job loss, reduced hours, or temporary unpaid leave, etc. This policy will last for the 90-day duration of the forbearance period.

How will I know if my landlord is participating in the program?

The best way for a renter to know if they are eligible for relief is to ask their landlord or management company if they are participating in the Freddie Mac Multifamily COVID-19 Relief Program.

How many renters will this program help?

Just over 20% of multifamily loan volume nationwide is financed by Freddie Mac Multifamily. Currently there are more than 4 million renters nationwide who live in properties that were financed with a Freddie Mac loan.

This program does not affect every renter in the United States. It only applies to renters who live in properties that are currently financed with a Freddie Mac loan and whose owners have opted in to the COVID-19 relief program.

Note: If your landlord is not participating in the Freddie Mac forbearance program, they may be participating in a similar program through their lender.