With a new year ahead of us, we want to provide an update on Fannie Mae’s Green Measurement and Verification (M&V) Service. The Green M&V Service is an exclusive benefit for Properties financed with a Green Rewards Mortgage Loan or a Mortgage Loan secured by a Property with an eligible Green Building Certification.
Finding creative solutions to increase affordability is a driving force behind our work in Multifamily. Last year we launched Sponsor-Initiated Affordability, a product that provides better pricing and underwriting flexibility when borrowers set aside a minimum of 20% of a property’s units that are rent restricted and occupied by households at or below 80% of area median income (AMI) for the life of the loan.
Manufactured Housing Communities (MHCs) are an important source of affordable housing, especially in rural areas, and Fannie Mae is committed to expanding and strengthening tenant protections in the MHCs that we finance.
Happy New Year! As you’ve probably heard, we ended last year on a real high note – we’ve now issued more than $100 billion in Multifamily Green MBS! Our 2021 green production was $13.5 billion, slightly higher than our 2020 green production.
I love the beginning of the year when everything and anything seems possible. Of course, as we’ve all learned over nearly two years of the pandemic, sometimes “anything” can really come out of left field and change the whole game. And so here we are, on the precipice of another new year, with another new variant making headlines.
Today, I’m thrilled to announce the release of DUS InspectTM, a powerful tool for managing property inspections. Asset management is integral to risk management, and property inspections are key to that process.
Fannie Mae has been a pioneer in Multifamily Green Financing for more than a decade, creating new mortgage financing products and securities with positive environmental, social, and financial impact to meet the needs of property owners and green bond investors. We are thrilled to announce that we have reached a new milestone - $100 billion of multifamily green bonds issued!
The hottest news in Green these days is the inclusion of Green Financing in the 2022 FHFA Scorecard Appendix A. Green Mortgage Loans will be classified as partially or wholly mission-driven business when there is at least 20% affordability at 60% of area median income (AMI) or below.
After 26 years and a $50 billion book of business as of September 2021, our multifamily Structured Transactions products remain one of the most competitive portfolio management tools in the market, and it’s no surprise with the level of flexibility they offer.