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
| Dec 18, 2019
Making contacts that lead to "true partnerships" is key to Student Housing ProCONNECT event for Pfister's Tracey Qualteri
Tracey Qualteri, Pfister Faucets, at Student Housing ProConnect in Denver, November 11 2019
Multifamily Housing | Dec 11, 2019
8 noteworthy multifamily projects to open in late 2019
From a prefab high-rise in Denver to a seaside village in Oxnard, Calif., these projects highlight the innovative multifamily developments to open their doors in late 2019.
Multifamily Housing | Dec 9, 2019
Student Housing ProCONNECT event draws developers, contractors, architects, and building product manufacturers to Denver
2½-day event connects attendees with vendors—and each other.
Multifamily Housing | Dec 4, 2019
9 tips on creating places of respite and reflection
We talked to six veteran landscape architects about how to incorporate gardens and quiet spaces into multifamily communities.
| Nov 20, 2019
ClosetMaid to celebrate 55 years in business at the 2020 NAHB International Builders Show
Company to celebrate 55 years in storage and organization with a visit by celebrity guest Anthony Carrino.
