The Federal Housing Finance Agency (FHFA) recently announced changes to Fannie Mae and Freddie Mac’s (the Enterprises) multifamily radon standards. NAR commented on this proposal in 2021 to express concerns about the cost and regulatory burden of these requirements. The new standards will go into effect for loan applications received after June 30, 2023:
Below are loans and areas not subject to radon testing:
FHFA Insights Blog: FHFA Increases Radon Testing Requirements at Enterprise-Backed Multifamily Properties
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