Borrowers with Local and State Benchmarking Requirements
How to Submit 2023 Energy Performance Metrics in 2024
Depending on the size and location of your multifamily property, you may be required to benchmark by law. Benchmarking entails submitting your energy and water consumption and cost data to your city or state. If your property is in a city or state that requires benchmarking and the property has a Fannie Mae Loan, you are required to submit 2023 Energy Performance Metrics (EPMs) to Fannie Mae in 2024.
In 2024, properties in the following jurisdictions are required to:
- Benchmark by law by submitting their 2023 energy and water cost and consumption data to cities.
- Submit their 2023 energy and water consumption and cost data to Fannie Mae.
- Green Mortgage Loans report to Fannie Mae through the Green Measurement and Verification Service and are not required to follow these requirements.
Instructions are now available for How to Submit 2023 Energy Performance Metrics in 2024
Non-Green Loans with Local and State Benchmarking Requirements
Borrowers that may have properties in jurisdictions with benchmarking requirements should benefit from this comprehensive training session. The webinar objectives include fundamental information about energy and water benchmarking requirements for Non-Green Fannie Mae Multifamily Mortgage Loans, the Covered Buildings List (CBL) and other resources for properties that may be required to benchmark and the steps Borrowers must take to fulfill these requirements.
Each city, town, or state below is linked to their benchmarking law’s website with compliance instructions.
Benchmarking Laws and Requirements for Properties Required to Submit EPMs in 2024
|
20,000+ SF |
50,000+ SF |
||
|
20,000+ SF |
25,000 + SF |
||
|
25,000+ SF |
20,000+ SF |
||
|
15,000 + SF |
50,000+ SF |
||
|
75,000+ SF |
50,000+ SF |
||
|
15+ units or 20,000+ SF |
25,000+ SF |
||
|
20,000 + SF |
25,000+ SF |
||
|
10,000 + SF |
25,000+ SF |
||
|
50,000+ SF |
10,000 + SF |
||
|
50+ units |
50,000+ SF |
||
|
20+ units or 20,000+ SF |
50,000+ SF |
||
|
50,000+ SF |
20,000+ SF (single-tenant buildings) |
||
|
20,000+ SF |
30,000+ SF |
||
|
50,000+ SF |
San Diego, CA | 17+ Residential accounts and 50,000+ SF | |
|
50,000+ SF |
San Francisco, CA | 50,000+ SF | |
|
25,000 + SF |
20,000+ SF |
||
|
25,000 + SF |
20,000+ SF |
||
|
100,000 + SF |
20,000+ SF |
||
|
25,000 + SF |
50,000+ SF |
||
|
20,000+ SF |
St. Louis Park, MN | 25,000+ SF | |
|
50,000+ SF |
St. Paul, MN | 50,000+ SF | |
|
50,000+ SF |
25,000+ SF |
||
|
5,000+ SF |
|
|
Please note that the guidance does not apply to Fannie Mae Green Mortgage Loan Borrowers with properties in benchmarking jurisdictions, as they report through the Green Measurement and Verification Service. Please refer questions regarding Fannie Mae Green Mortgage Loans to [email protected].
Karyn Sper