Did you know that the multifamily properties nationwide could save nearly $9 billion annually as a result of energy and natural gas retrofits? To help owners realize these cost savings, Fannie Mae's Multifamily Green Initiative provides tailored financing with financial incentives to invest in energy and water efficient property improvements. These smart improvements lower the property's operating costs and raise the property's quality, ultimately preserving reliable property value while creating a better living environment for tenants.
Fannie Mae's Green Initiative is ahead of the curve: we have Green mortgage loans with built-in financial incentives, and the tools and on-staff expertise to help you to finance and close these loans efficiently and quickly.
- Does the property need extra capital to make energy- and water-cost saving improvements? If yes, a Green Rewards Loan provides conventional and affordable rental housing owners with up to an additional 5% more in loan proceeds and 10 basis points (bps) off the all-in interest rate.
- Is the property already "green" and certified under a Green Building Certification system, like LEED or ENERGY STAR®? If yes, the loan backed by that property will receive 10 bps off.
From our Green Financing options to our underwriting, asset management and access to Capital Markets, we have the tools and financing necessary to get your deal done quickly. Lenders and owners can get all the details on their property's energy and water-cost saving opportunities from using the Fannie Mae Property Condition and High Performance Building Report. Then, for the life of the loan, track the improved energy and water performance using ENERGY STAR® for Multifamily. All Green Financing Loans are disclosed to MBS investors as a "Green MBS", providing owners with access to investors seeking environmentally-focused investments.
Fannie Mae’s Green Financing team has the deep knowledge and technical expertise on green financing, green building and energy and water efficiency practices, and will work with owners and lenders to identify the right Green financing solution for each deal.
Ready to invest in smart, green property investments? Contact the Green Financing team today!
Source: "Overlooked & Untapped: Unlocking the Energy-Efficiency Potential in Multifamily Housing", Benningfield Group, Inc.