Find the latest summaries and policy updates for all multifamily housing regulations and policies.
Economic Injurty and Disaster Loans (EIDLs). As Monument notes, the CARES Act temporarily expands eligibility for SBA Economic Injury Disaster Loans. What they are: An emergency loan program for federal disasters, including COVID-19. This program offers up to $2 million in assistance for fixed... Continue Reading
Dear WMFHA member,Over the past week, we've been working with our partners in the real estate industry to confirm with the state that residential property management services are considered Essential Critical Infrastructure Workers. I can report that residential property management services are... Continue Reading
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Housing providers are doing everything they can, but a long-term solution is needed to address housing during COVID-19 and beyond. COVID-19 represents a complete shock to Washington’s vital systems, infrastructure, and institutions. The virus is testing our world-class healthcare workers,... Continue Reading
Assistance for Small Businesses Across the United States, multifamily communities are grappling with the COVID-19 outbreak. Social distancing is being put into place, as well as regular deep cleaning of community spaces and changes to daily operations. With April 1 around the corner, many... Continue Reading
Dear valued members,The Federal Housing Finance Agency (FHFA) yesterday announced that Fannie Mae and Freddie Mac, the Enterprises will offer mortgage forbearance for multifamily property owners, under the condition that they suspend all evictions for renters who are unable to pay rent because of... Continue Reading
Dear WMFHA members,Today, Governor Inslee announced a shelter-in-place order called Stay Home, Stay Healthy. It goes into effect on Wednesday, March 25 at 5:30 pm. The order does the following: Requires every Washingtonian to stay home unless they need to pursue an essential activity. Bans all... Continue Reading
Last night, California Gov. Gavin Newsom signed Executive Order N-33-20 mandating all individuals living in California to stay home or at their place of residence to protect public health, exempting certain essential services. This is one example of a policy that could be adopted in our state as... Continue Reading
Dear WMFHA members, Today, Governor Inslee announced a statewide eviction moratorium. The Governor's order prohibits rental housing providers from serving a 14-day notice to pay rent or vacate for default payment of rent. Housing providers are also prohibited from issuing a 20-day notice to... Continue Reading
An update on the coronavirus-related government actions. ***update March 18, 2020 - The WA Supreme Court has ordered a stay of all Writs until April 27, 2020. The following cities have enacted eviction moratoria - Seattle, Kenmore, Everett, Woodinville, and King County (sheriff -... Continue Reading
Support for King County Renters Impacted by COVID-19 King County is experiencing the highest rate of COVID-19 illness in the country and the disease is impacting many elements of daily life. Decisions to cancel or postpone public events or institute building closures are done in the interest of... Continue Reading
