Fannie Mae and Freddie Mac announced new, stricter eligibility criteria for mortgages on rent‑regulated properties in New York City, a move that will make financing considerably more difficult for landlords of such buildings.
The changes follow Mayor Zohran Mamdani’s recent citywide rent‑freeze policy for rent‑regulated apartments, prompting the two largest government‑backed mortgage buyers to adjust their requirements.
Landlords seeking to finance or refinance rent‑regulated units now face tighter conditions under the revised rules.