| Field | Details |
|---|---|
| Implementing Sector | Federal |
| Category | Financial Incentive |
| State | Federal |
| Incentive Type | Loan Program |
| Web Site | www.fanniemaegreenfinancing.com |
| Eligible Renewable/Other Technologies | Solar Photovoltaics, Low-Flow Water Fixtures |
| Eligible Efficiency Technologies | Clothes Washers, Dishwasher, Dehumidifiers, Water Heaters, Lighting, Furnaces, Boilers, Heat pumps, Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Roofs, Comprehensive Measures/Whole Building, Custom/Others pending approval, Insulation, Tankless Water Heater |
| Applicable Sectors | Multifamily Residential |
| Maximum Loan | Not Specified |
| Loan Term | Not Specified |
| Interest Rate | Interest rate benefit varies – contact a Fannie Mae DUS® Lender for details |
MPORTANT: This program is exclusively for multifamily properties. Single-family homeowners are ineligible.
Fannie Mae’s Green Financing Business offers mortgage financing for apartment buildings and cooperatives (with 5 or more units) targeting energy and water efficiency improvements. This includes the Green Rewards program and advantageous loan rates for properties with a qualifying Green Building Certification. All such loans are turned into Green Mortgage Backed Securities (Green MBS). Multifamily property owners can get more details by consulting a Fannie Mae DUS Lender at: https://multifamily.fanniemae.com/about-multifamily/our-partners/dus-lenders
Introduced in 2015, Green Rewards offers favorable pricing and up to an extra 5% loan proceeds, accounting for up to 75% of estimated owner energy and water savings and 25% of tenant savings in underwriting. Eligible properties include conventional and affordable multifamily properties, as well as cooperatives, seniors, military, and student housing. Eligibility requires property improvements to reduce total annual energy and water use by at least 30%, with a minimum of 15% from energy savings. The program is open to properties across the US, and chosen improvements must be completed within a year of loan closing.
Additionally, Fannie Mae offers preferential pricing for acquiring or refinancing a conventional or affordable property that holds a valid, eligible Green Building Certification, as per Fannie Mae Form 4250.
For more details and program requirements, visit the Fannie Mae Green Financing website.
