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FHFA To Increase Radon Sampling Requirements for Multifamily

FHFA to Increase Radon Sampling Requirements for Multifamily

The Federal Housing Finance Authority (FHFA) is considering an increase to radon sampling requirements for Fannie Mae and Freddie Mac multifamily loans in accordance with the EPA’s Voluntary Consensus Standards for Radon Testing and Mitigation. On July 20th, 2021, FHFA held a listening meeting to receive input and feedback on issues related to multifamily testing and mitigation to inform the FHFA and the Enterprises’ decision making. Partner's Drew McCreery discusses the threat posed by radon exposure and the potential impacts of increased testing requirements in this post on GlobeSt.com.