FHFA Announces Enhancements to Fannie Mae and Freddie Mac’s Radon Standards for Multifamily Properties

Enhancements to Fannie Mae and Freddie Mac’s (the Enterprises) multifamily radon standards have been announced.

According to the Federal Housing Finance Agency (FHFA), “the Enterprises’ adoption of enhanced radon testing requirements during National Radon Action Month will help ensure that multifamily properties with hazardous levels of radon are more accurately identified and properly mitigated,” said FHFA Director Sandra L. Thompson. “FHFA and the Enterprises are committed to providing safe and sustainable housing opportunities for renters, while ensuring a strong and liquid multifamily mortgage market.”

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