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
Seismic Design | Jun 28, 2016
ASTM International updates seismic risk standards
Expected to improve consistency of risk evaluation on commercial real estate transactions.
Codes and Standards | Jun 17, 2016
Feds publish framework for evaluating public-private partnerships
No single factor determines whether a project yields stronger benefit as a P3.
AEC Tech | Jun 17, 2016
Driverless cars could soon start impacting commercial, retail project design
Offsite parking and more space for valet parking lines are among the foreseeable changes.
Codes and Standards | Jun 17, 2016
Bay State moves toward single BIM protocol on state projects
Massport’s guidelines a step forward for integrated BIM initiative.
Multifamily Housing | Jun 14, 2016
San Francisco voters approve tougher affordability requirement on new housing development
Critics charge that the measure may backfire and actually reduce new affordable units.
Concrete | Jun 13, 2016
American Concrete Institute releases new Guide to Shotcrete
Includes information on application procedures, testing.
Healthcare Facilities | Jun 10, 2016
Top 10 health technology hazards include some influenced by space design
ECRI Institute’s annual list includes operational and workflow issues.
Codes and Standards | Jun 9, 2016
Supreme Court ruling could aid developers on properties containing wetlands
Unanimous decision allows landowners to take regulatory decisions straight to court.
Green | Jun 8, 2016
TD Bank Group's renovated Toronto office is first WELL-Certified project under WELL v1
The newly renovated 25,000-sf space achieved gold-level status.
Concrete | Jun 7, 2016
Concrete Institute publishes document providing concrete curing guidance
New curing monitoring techniques included.