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Green Services

About Our Green Services

The mission of Fannie Mae's Green and Healthy Housing Financing Business is to target positive, measurable impact to environmental, social and financial metrics, also known as the "Triple Bottom Line." 

Green Building Certifications

Green Building Certifications can enhance your property's performance and your financing options.

Multiple organizations award a Green Building Certifications. Depending on the certification, properties may be newly constructed or retrofitted to meet the criteria. In a green certified building, renters may have lower monthly energy and water costs, and live in an apartment that is more comfortable in the heat of summers and the cold of winters. Owners may see a reduction in their energy and water costs, higher occupancy rates and increased property sales prices.

(Source: "Energy Efficiency & Financial Performance: A Review of Studies in the Market", U.S. Department of Energy, March 2014.)

Fannie Mae offers preferential pricing on loans secured by a multifamily property with a Fannie Mae-recognized green building certification.

Fannie Mae conducts an annual review of Green Building certifications available to multifamily properties. All recognized certifications have minimum energy and/or water reduction requirements. Please see Form 4250 for complete eligibility requirements and the levels assigned to each certification. Loans on properties with a Green Building Certification will be disclosed as a Green MBS.

HPB/Energy Audit Report

With Fannie Maes increased focus on energy conservation and green asset management, many new transactions require an assessment of energy consumption efficiency in the form of a Green Property Condition Assessment (PCA) and High Performance Building Assessment (HPB).

The following HPB Consultants have been designated as Pre-Qualified by Fannie Mae to produce HPB Reports as of 7/14/2017. Please reach out to the contacts listed for more information, or to order an HPB Report.

Abraxas Energy
Tyler Stafford, Business Development Manager
(805) 547-2050 ext-102
[email protected]
www.abraxasenergy.com

AEI Consultants
Peter Millar, PE, JD, Executive Vice President
(203) 246-7532
[email protected]
www.aeiconsultants.com

ATC Group Services LLC / Overlay
Dale M. Allison, Vice President
(817) 238-1801
[email protected]
www.atcgroupservices.com

Blackstone Consulting LLC
Becky Renick, Principal
(443) 977-7671
[email protected]    
www.blackstoneconsulting.com

CBRE Assessment & Consulting Services
Brady Mills, Senior Director of Sustainability
(504) 439-9890
[email protected]
www.cbre.com/assessment

Consulting Solutions Inc
Samuel Strom, Assistant Vice President, Program Manager
(847) 690-0905
[email protected]
www.consultingsolutionsinc.com

EBI Consulting
Dan Spinogatti, Senior Vice President, Real Estate Services
(602) 740-9996
[email protected]
www.ebiconsulting.com

EMG
Chris Berrich, Senior Vice President of Sales
(800) 733-0660 ext. 7611
[email protected]
www.emgcorp.com

GRS Group
Sol Rosenbaum, Director
(443) 320-0429
[email protected]
www.grs-global.com

Nova Consulting Group Inc.
Keely Felton, Vice President, Energy Efficiency Division
(207) 939-4983
[email protected]
www.novaconsulting.com

Partner Energy
Tushar Dutta, Program Manager
(310) 765-7287
[email protected]
www.ptrenergy.com

Real Estate Advisory LLC (REA)
Steve Sheppard, Program Manager
(603) 369-3485
[email protected]
www.reausa.com

Additional consultants are also able to create HPB Reports, but have not yet been designated as Pre-Qualified. Fannie Mae Multifamily is distributing this list to help Lenders identify additional consultants who may be able to complete a Fannie Mae High Performance Building Report according to the requirements of Form 4099. Lenders are responsible for confirming that the consultants selected to complete HPB Reports meet the qualifications listed in Form 4099.

List of HPB Report Consultants

Fannie Mae has created a protocol for conducting energy and water audits, the results of which are detailed in a HPB assessment. The protocol, contained in Section 5.08 of Fannie Mae's Form 4099 — Instructions for Performing a Multifamily PCA, provides guidance on the scope of the energy and water audit, and how to calculate and document the projected energy and water cost and consumption savings identified at the Property. The energy audit follows ASHRAE Level II Energy Audit standards and requires the calculation of the Property's ENERGY STAR® Score for Multifamily.

The HPB Assessment is designed to be an integrated section within the PCA Report, which assesses the overall condition of the property.

Access the Forms 4099 and Form 4099.H to review the scope of the HPB assessment.

Certain Fannie Mae Green Financing Solutions require that a High Performance Building assessment be conducted. Review the requirements of each Green Financing loan product to confirm if the HPB assessment is required. The HPB assessment must be ordered by the Lender who, in Fannie Mae's delegated financing model, selects the consultant to conduct the HPB assessment. The Lender must ensure that the vendor selected meet the qualifications stipulated in the PCA and HPB protocols, as published in Form 4099 and Form 4099.H.

Green Measurement and Verification Service

Fannie Mae has implemented a service for our Borrowers and Lenders to streamline and simplify the reporting of energy and water performance data annually.

Fannie Mae has implemented a service for our Borrowers and Lenders to streamline and simplify the reporting of energy and water performance data annually. Fannie Mae has engaged a service provider, Bright Power, to provide Measurement and Verification Services related to Fannie Mae Multifamily Green Mortgage Loans to assist Lenders and Borrowers in measuring annual energy and water performance. For more information, please refer to the Fannie Mae Green Measurement and Verification Service FAQs – Green Mortgage Loan Borrowers.

To help multifamily properties reduce energy and water costs and to minimize negative impacts to the environment, Fannie Mae Multifamily partnered with the U.S. Environmental Protection Agency to create the 1 to 100 ENERGY STAR Score for Multifamily and the 1 to 100 EPA Water Score for Multifamily. As a result of Fannie Mae's 2012 nationwide survey of over 1,000 multifamily properties, the US EPA launched the ENERGY STAR Score for Multifamily in September 2014. The launch of the EPA Water Score for Multifamily followed in October 2017.

For properties financed with a Green Rewards Mortgage Loan, a Green Preservation Plus Mortgage Loan, or a Mortgage Loan secured by a property with an eligible Green Building Certification Pricing, Fannie Mae has contracted with Bright Power to facilitate the collection of the data and to provide additional value to you in managing your property. Fannie Mae's Green Measurement and Verification Service is a new, exclusive benefit provided on behalf of Fannie Mae and DUS Lenders to all Green Mortgage Loan Borrowers. For more information, please refer to the Fannie Mae Green Measurement and Verification Service FAQs – Green Mortgage Loan Borrowers.

If you are a Fannie Mae Green Mortgage Loan Borrower, a Bright Power Energy Analyst will contact you. If you have questions after reviewing the FAQ, please contact [email protected]

For properties required to benchmark by city or state law, please refer to the FAQs for Fannie Mae Borrowers with Local or State Benchmarking Requirements and How To Submit 2018 Energy Performance Metrics for Borrowers with Local or State Benchmarking Requirements.

If you are a Fannie Mae Borrower and your property is in a city or state with a local benchmarking requirement, you are also required to report this data to Fannie Mae, and share your property with Fannie Mae in ENERGY STAR Portfolio Manager®. If your property is required to report Energy Performance Metrics (EPMs) to Fannie Mae, you must submit the following six data points that describe the energy and water performance at the property:

In 2019, the following jurisdictions require certain multifamily properties to report:

  1. Atlanta, GA
  2. Berkeley, CA
  3. Boston, MA
  4. California
  5. Cambridge, MA
  6. Chicago, IL
  7. Denver, CO
  8. Evanston, IL
  9. Kansas City, MO
  10. Los Angeles, CA
  11. New York, NY
  12. Orlando, FL
  13. Philadelphia, PA
  14. Portland, ME
  15. Seattle, WA
  16. South Portland, ME
  17. St. Louis, MO
  18. Washington, D.C.

Fannie Mae will disclose a property's ENERGY STAR Score, EPA Water Score, Source Energy Use Intensity, and Water Use Intensity if the Property is subject to a local benchmarking law.

Owners are now able to benchmark their multifamily Property in ENERGY STAR® Portfolio Manager®, a free, online tool, and to receive an ENERGY STAR certification if the Property's score is 75 or greater. Fannie Mae offers incentives for properties with Green Building Certifications.

For third-party utility service providers that are supporting reporting for Borrowers, please refer to the Fannie Mae Green Multifamily Financing FAQs – Third-Party Utility Service Providers for more details to support your customers.