The least energy efficient multifamily property may be spending $165,000 more in annual energy costs than a similar property operating the most efficiently, according to a new white paper released by Fannie Mae.
"Transforming Multifamily Housing: Fannie Mae's Green Initiative and Energy Star for Multifamily" provides insight into Fannie Mae’s Green Initiative, its partnership with the U.S. Environmental Protection Agency (EPA), and its effort to compile comprehensive multifamily energy and water data providing the basis for the EPA's Energy Star Score for multifamily structures.
Fannie Mae will continue to lead efforts to support green activities and provide greater transparency for investors by disclosing Multifamily Energy Metrics on Fannie Mae MBS. In June 2014, Fannie Mae collected the Source Energy Use Intensity (EUI), an energy performance metric, for properties securing multifamily loans in cities with Energy Star reporting requirements.
Beginning in 2015, Fannie Mae will collect the Source EUI and the Energy Star score for the associated properties and will disclose the EUI metrics. Investors will be able to view the metrics for properties located in Boston; Cambridge, Massachusetts; Chicago; New York; Seattle; and Washington, DC. This information will give investors greater insight into the energy consumption of multifamily properties and the financial performance of the associated loans.
(http://www.fanniemae.com/portal/about-us/media/commentary/091114-pagitsas.html)
Related Stories
Codes and Standards | May 25, 2017
Better Buildings Challenge Partners on track to reduce energy usage by 20% in 10 years
More than 1,000 proven solutions are now available on DOE web site.
Codes and Standards | May 22, 2017
Affordable housing initiative drives surge in residential unit permits in New York City
New permits tripled from year-ago period.
Codes and Standards | May 22, 2017
Amid labor shortage, industry groups urge government action to boost trades
AGC says a shortage of qualified workers is limiting the economy from adding more jobs.
Codes and Standards | May 19, 2017
Spate of sinkhole incidents points to neglected infrastructure investment
Suddenly appearing caverns cause deaths, evacuations, interruption of utility services.
Codes and Standards | May 18, 2017
AIA releases updated edition of its A201 flagship documents
These core documents are updated once a decade.
Codes and Standards | May 16, 2017
Trump’s proposed corporate tax rate changes said to stifle funding for affordable housing
Banks reluctant to commit to specific deals with tax credit status uncertain.
Codes and Standards | May 15, 2017
New IoT-Ready Alliance to establish standard for IoT sensors in LED light fixtures
It aims to make installation of technology easier.
Codes and Standards | May 10, 2017
OSHA increases penalties on South Dakota contractor after fatal building collapse
Agency issues over $300,000 in fines for ‘willful’ safety violations.
Codes and Standards | May 9, 2017
Potential shade on Boston Common from proposed high-rise raises public ire
The Mayor is among those who want to change 1990s anti-shadow law.
Codes and Standards | May 9, 2017
Method of estimating amount of CO2 by building occupants may be inaccurate
New research suggests current estimates may be off by as much as 25%.