Fannie Mae Favors Green Multifamily

Fannie Mae recently reinforced their commitment to growing the green multifamily sector with the announcement of a reduction in interest rates for mortgage loans used to finance properties certified through a recognized green building rating system. There’s detailed information available on their website, but here’s a simple breakdown of the initiative using the 5 W’s:

Who: Fannie Mae Multifamily borrowers, developers, designers, and occupants

What: 10 basis point reduction in mortgage loans for multifamily properties certified through a recognized green building rating system (LEED, ENERGY STAR®, Enterprise Green Communities, etc.)

Where: Multifamily projects nationwide

When: Immediate implementation. Through existing green initiatives, Fannie Mae has already financed $130 million in Green Loans to properties with a Green Building certification

Why: Strengthens market for high-performance building design; Reduces financial risk for property owners; Raises property value with high performance upgrades

Visit the overview page for detailed information on Fannie Mae’s entire portfolio of Green Initiatives

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