Multifamily green financing programs boomed in 2016, and are likely to continue to grow in 2017, according to the president of Partner Energy.
HUD, Fannie Mae, and Freddie Mac updated existing programs and/or introduced new programs with more attractive features during 2016. The result: Over $3.2 billion in green loans were funded by Freddie and Fannie—far more than in previous years.
Some of the programs allow borrowers to take credit for already being green or for committing to be green such as pursuing a green certification or reducing energy and/or water consumption. Specific measures are identified through an energy audit that provides a guide to achieve goals in a cost-effective manner.
Several programs offer 10-40 basis point reduction in lending rates in return for meeting sustainability targets. These programs are expected to accelerate in 2017.
Related Stories
Giants 400 | Dec 2, 2020
2020 Multifamily Sector Giants: Top architecture, engineering, and construction firms in the U.S. multifamily building sector
Clark Group, Humphreys & Partners Architects, and Kimley-Horn head BD+C's rankings of the nation's largest multifamily building sector architecture, engineering, and construction firms, as reported in the 2020 Giants 400 Report.
Smart Buildings | Nov 20, 2020
The Weekly show: SPIRE smart building rating system, and pickleball court design tips
The November 19 episode of BD+C's The Weekly is available for viewing on demand.
AEC Tech | Nov 12, 2020
The Weekly show: Nvidia's Omniverse, AI for construction scheduling, COVID-19 signage
BD+C editors speak with experts from ALICE Technologies, Build Group, Hastings Architecture, Nvidia, and Woods Bagot on the November 12 episode of "The Weekly." The episode is available for viewing on demand.
Multifamily Housing | Nov 11, 2020
San Jose affordable housing project will feature a mass timber frame
SERA Architects and Lendlease will design and build the project.
Multifamily Housing | Oct 30, 2020
The Weekly show: Multifamily security tips, the state of construction industry research, and AGC's market update
BD+C editors speak with experts from AGC, Charles Pankow Foundation, and Silva Consultants on the October 29 episode of "The Weekly." The episode is available for viewing on demand.
Multifamily Housing | Oct 29, 2020
Uncertainty shades a once-soaring multifamily construction market
Demand varies by region, and by perceptions about the economy, COVID-19, and the election.
Multifamily Housing | Oct 22, 2020
The Weekly show: Universal design in multifamily housing, reimagining urban spaces, back to campus trends
BD+C editors speak with experts from KTGY Architecture + Planning, LS3P, and Omgivning on the October 22 episode of "The Weekly." The episode is available for viewing on demand.
Multifamily Housing | Oct 20, 2020
New multifamily complex completes in Austin
Charlan Brock Associates and Britt Design Group designed the project.
Multifamily Housing | Oct 15, 2020
Miami’s yacht-inspired UNA Residences begins construction
AS+GG designed the tower.
Multifamily Housing | Oct 15, 2020
L.A., all the way
KFA Architecture has hitched its wagon to Los Angeles’s star for more than 40 years.
