Fannie Mae’s green bond program to spur efficiency upgrades may be falling far short of its goals, according to analysis by Grist.
A Grist report says that about 1,600 of the 3,800 properties that had loans packaged into “green” mortgage-backed securities saw improvement in their energy scores within a median period of about two years. But more than 800 properties that the online publication examined saw lower or identical energy scores in the most recent data year compared to their scores at loan issuance.
“Whether or not Fannie Mae’s green bonds program is driving significant decarbonization and efficiency improvements is very much an open question,” Grist says. “The value of the program is unclear even in cases where energy savings did improve: About a fifth of the buildings enrolled from 2016 through 2019 performed worse than the median U.S. building even after fulfilling program requirements.”
Another criticism: Participation is highest in states and cities that already have stringent building energy efficiency codes. That means some of these building owners may have pursued green improvements without Fannie Mae’s incentives.
Related Stories
| May 17, 2012
New standard for Structural Insulated Panels under development
ASTM International and NTA, Inc. are developing a new standard for Structural Insulated Panels (SIPs) that would create a path for U.S. manufacturers to meet the requirements of the Canadian building code.
| May 17, 2012
Webinar: ‘What Energy Codes and Standards Are Adopted Where and by Whom’
A June 12 webinar by the Construction Specifications Institute will outline what energy codes and standards have been adopted in each of the states for commercial buildings, and what is anticipated to be adopted in the future.
| May 17, 2012
California Governor orders new green standards on state buildings
California Gov. Jerry Brown issued an executive order recently that calls for all new or renovated state buildings of more than 10,000 sf to achieve LEED Silver or higher and incorporate clean, onsite power generation.
| May 17, 2012
New Zealand stadium roof collapse blamed on snow, construction defects
Heavy snowfall, construction defects, and design problems contributed to the collapse of the Stadium Southland roof in New Zealand in September 2010, a report has found.
| May 17, 2012
OSHA launches fall prevention campaign
The Occupational Safety and Health Administration (OSHA) recently launched an educational campaign to prevent deadly falls in the construction industry.
| May 15, 2012
Suffolk selected for Rosenwald Elementary modernization project
The 314-student station elementary school will undergo extensive modernization.
| May 10, 2012
Chapter 6 Energy Codes + Reconstructed Buildings: 2012 and Beyond
Our experts analyze the next generation of energy and green building codes and how they impact reconstruction.
| May 10, 2012
Resilience should be considered a sustainability factor
Since a sustainable building is one you don't have to rebuild, some building sustainability experts believe adding points for "resilience" to storms and earthquakes to the LEED sustainability rating tool makes sense.
