Healthy Housing Rewards Healthy Design

We offer financial incentives to Multifamily borrowers who invest in the health and well-being of the people who live in affordable housing properties.



  • Lower interest rate
  • Reimbursement for Healthy Design Certification
  • Flexible underwriting to specific affordable developments
  • Flexible loan terms, and fixed- or variable-rate financing options
  • Certainty and speed of execution


  • Affordable Housing properties with at least 60% of the units affordable at 60% of Area Median Income or less.
  • Must obtain Healthy Design certification from an approved Fannie Mae provider.
  • One-time benefit per borrower per property. Cannot be combined with Healthy Housing Rewards Enhanced Resident Services TM


Up to 15 basis points interest rate discount.


5-30 years.


Up to 35 years.

Healthy Design Certification

Certification fee cost (up to $6,500) reimbursed by Fannie Mae.

Interest Rate

Fixed- and variable-rate options available.

Maximum LTV

Varies by product type.

Minimum DSCR

Varies by product type.

Prepayment Availability

Flexible prepayment options available including yield maintenance and declining prepayment premium.

Loan Amount

No minimum or maximum.

Rate Lock

30- to 180-day commitments. Borrowers may lock the interest rate using Streamlined Rate Lock option. Confirmation of Healthy Design certification is required prior to rate lock.


30/360 and Actual/360.


Non-recourse execution is available, with standard carve-outs for “bad acts” such as fraud and bankruptcy required.

Third-Party Reports

Standard third-party reports, including Appraisal, Phase I Environmental Assessment, and a Property Condition Assessment, are required. Confirmation of Healthy Housing Rewards features and eligibility is required.


Loans are typically assumable, subject to review and approval of the new borrower’s financial capacity and experience.