The novel coronavirus (COVID-19) pandemic poses significant challenges for operators and owners of affordable housing and conventional rental housing.

Property managers and property owners should consider developing and implementing programs to address this health crisis. Some issues to consider:

  • Communications with employees, residents and others
  • Policies for telecommuting and conducting business meetings
  • Employee and contractor safety
  • Tenant and building visitor safety
  • Proper cleaning and disinfecting of properties and offices
  • Specialized plans to clean and disinfect properties affected by those who are suspected of having or have been confirmed to have coronavirus
  • Policies for tenants who are unable to pay rent
  • Legal liability

The CDC (Centers for Disease Control and Prevention) reports that older adults, as well as people of all ages who have underlying health conditions such as diabetes, lung disease and heart disease are at greater risk from COVID-19.

Affordable housing becomes easier to understand once you have learned its lexicon. For a guide to common industry terminology, click here for our Affordable Housing – LIHTC glossary.

For a complete listing of LIHTC income limits, Section 8 income limits, Fair Market Rents and other affordable housing data for every MSA and county in the United States, please click here to access Westmont’s LIHTC Affordable Housing Data Center.

FHFA Moves to Provide Eviction Suspension Relief for Renters in Multifamily Properties

March 23, 2020

Fannie Mae and Freddie Mac (the Enterprises) will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of coronavirus. The eviction suspensions are in place for the entire duration of time that a property owner remains in forbearance. The forbearance is available to all multifamily properties with an Enterprise-backed performing multifamily mortgage negatively affected by the coronavirus national emergency.

Press Release: FHFA Moves to Provide Eviction Suspension Relief for Renters in Multifamily Properties


CDC guidelines for cleaning and disinfecting: The CDC has issued interim guidance for cleaning procedures, including special procedures for facilities in which infected persons may have been present.

CDC: Environmental Cleaning and Disinfection Recommendations

CDC: Preventing the Spread of COVID-19 in Retirement Communities and Independent Living Facilities (Interim Guidance)

CDC: Clean & Disinfect: Interim Recommendations for US Households with Suspected/Confirmed Coronavirus


CDC guidance for business: The CDC has issued the following interim workplace guidelines for employers.

CDC: Interim Guidance for Businesses and Employers


Free CDC handouts for residents and employees: The CDC is offering several free information sheets that describe the coronavirus issue in plain language. You may wish to distribute these individually and/or post these in public places at your properties.

CDC: Keeping the workplace safe

CDC: Share Facts About COVID-19

CDC: Steps to help prevent the spread of COVID-19 if you are sick

CDC: Coronavirus and you (in English)

CDC: Coronavirus and you (in Spanish)

CDC: Coronavirus and you (in Chinese)


NMHC Disaster Planning Guidelines for Multifamily Operators: NMHC (The National Multi Housing Council) has issued recommendations to help property owners and managers with disaster planning generally and the coronavirus in particular.

NMHC: Coronavirus Preparedness for Apartment Firms


IREM Pandemic Guide for Real Estate Managers: IREM (Institute of Real Estate Management) has developed a guide oriented toward property managers.

IREM: Pandemic Guide for Real Estate Managers


Nixon Peabody: The Nixon Peabody law firm has issued coronavirus guidance for multifamily property owners, including affordable housing.

Nixon Peabody: COVID-19 guidance for owners and managers of multifamily residential properties


HUD/FHA Coronavirus Guidance: The Federal Housing Administration (FHA) has issued guidelines as of March 12, 2020 in response to the coronavirus.

FHA: Questions and Answers for Office of Multifamily Housing Stakeholders – Coronavirus (COVID-19)


USDA Rural Development Coronavirus Resources: Rural Development has a COVID-19 resource section, including information related to 514, 515 and 538 loans.

Rural Development COVID-19 Response

Westmont and our partners at TheoPRO can serve your needs throughout the United States. Please do not hesitate to contact us for more information about our consulting and advisory services for real estate acquisition, asset management and tax credits, including the Low Income Housing Tax Credit (LIHTC) and Historic Tax Credit (HTC), as well as other real estate matters. Click here to learn more about our team.

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