Healthy Housing Rewards™ Healthy Design

Fannie Mae Multifamily offers Healthy Housing Rewards Healthy Design, a product feature that provides lower pricing to finance affordable properties with health-promoting design and operational features.

Health-promoting design and operational features include playgrounds, fitness equipment, tobacco-free environments, green spaces, and more.

Term Sheet (PDF)    Marketing Sheet (PDF)


  • Lower interest rate
  • Reimbursement for Healthy Design Certification (up to $6,500)
  • Flexible underwriting to specific affordable developments
  • Flexible loan terms, and fixed- or variable-rate financing options
  • Certainty and speed of execution


  • Property must have a Healthy Design Certification that is recognized and approved by Fannie Mae per Form 4248.
  • Multifamily properties with rent or income restrictions where at least 50% of the units are affordable to households earning no more than 80% of Area Median Income.
  • Eligible Properties include:
    • Multifamily Affordable Housing (MAH);
    • Properties subject to Sponsor Initiated Affordability (SIA); and
    • Sponsor Dedicated Workforce Housing (SDW).
  • One-time benefit per Borrower per Property. Cannot be combined with Healthy Housing Rewards Enhanced Resident Services ™.


5-30 years.


Up to 35 years.

Healthy Design Certification

The Property must obtain a Healthy Design certification from an approved Fannie Mae provider before Rate Lock. 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 use the 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.


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