The United States Environmental Protection Agency (EPA) has designated January as National Radon Action Month. High levels of radon are prevalent in every state across America. The EPA estimates that approximately 8 million homes throughout the United States have elevated radon levels and that as many as 21,000 lung cancer deaths are attributed to radon each year, the second leading cause of lung cancer. It is considered one of the most dangerous environmental contaminants that can be found in a CRE property. To properly address the questions and concerns that often arise during real estate transactions, while also avoiding potential liability complications, it is vital to engage “environmental professionals” and experienced consultants who hold the requisite radon expertise and knowledge. Given that there are practical and field-tested techniques to address the issue of radon, it does not need to delay or prohibit a real estate transaction from occurring.
Approximately 75% of all radon tests occur because of a real estate transaction.
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June 06, 2025
In March 2025, the Federal Housing Finance Agency (FHFA) rescinded its 2022 directive that had imposed standardized radon testing requirements on all multifamily properties financed through Fannie Mae and Freddie Mac. The new radon policy was effective immediately; however, the agency guidance documents would be updated at a later date.
April 23, 2025
State and Local Regulations Will Continue to Drive Fannie Mae and Freddie Mac Radon Testing Practices By Pamela Horne, Environmental Technical Director of Agency Services, and Shavaun Cotter, Technical Director, […]
September 16, 2024
Freddie & Fannie Multifamily Radon Testing Downloadable Interactive Map: Download and save to use interactive features. Then, for more info, hover over states and definitions.
