Fannie gives rate break for healthy multifamily buildings

Fannie Mae this week rolled out a new program designed to boost the development of healthy living options for residents of multifamily properties. The program, called Healthy Housing Rewards, is.

"Incorporating healthy design features in affordable multifamily properties can have a big impact on residents-from increasing physical activity and social interaction to reducing environmental triggers for asthma," said Jeffery Hayward, executive vice president of multifamily at Fannie Mae.

For these certified properties, Fannie Mae is now granting a 10 basis point reduction in the interest rate of a multifamily refinance, acquisition or supplemental mortgage loan. For example, if the market interest rate is 4 percent on the multifamily loan, the new rate is 3.9 percent with this pricing break.

Requirements. A Fannie Mae Supplemental Mortgage Loan Supplemental Mortgage Loan Mortgage Loan purchased by Fannie Mae that is subordinated to, and has a mortgage loan origination date after, the Senior Mortgage Loan that is also owned by Fannie Mae. is available for Properties Properties Multifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest.

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The Healthy Housing Rewards "will provide a financial incentive to borrowers who invest in the health and stability of the people who live in their affordable housing properties," according to Jeffery Hayward, Fannie Mae’s Executive Vice President for Multifamily in a public statement.

Owners of apartment buildings and cooperatives may be eligible for loans with reduced interest rates for upgrades that reduce their energy or water consumption by at least 20%, under a new Fannie Mae Fannie Mae offers incentives for energy, water efficiency in multifamily buildings | Building Design + Construction

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NOTE: Only multifamily properties are eligible for the program. single family homeowners are not eligible for this program. The Fannie Mae Green Initiative provides owners of multifamily properties (rental or cooperative properties with 5 or more units) with valuable green financing solutions and tools to make smart energy- and water-saving property improvements. Its green financing programs.

Healthy Housing Rewards. Healthy Housing Rewards demonstrates Fannie Mae’s long term commitment to affordable housing that supports a more healthy, stable and sustainable environment for renters, their families and the communities in which they live.