Fannie Mae and Freddie Mac introduce green financing programs

by ‐ Tags: green leaders, financing, property management, tracking and benchmarking

Planning energy-saving improvements for refinancing or acquisition? Or is your property already green-certified? Now, you can qualify for better pricing and higher loan proceeds. Fannie Mae and Freddie Mac are offering lower interest rates to multifamily owners who commit to improving the efficiency of their buildings.

Both Fannie and Freddie’s new programs will offer reduced interest rates to multifamily owners who commit to improving the efficiency of their portfolios. How can owners make smarter, greener property investments in order to comply and qualify? Each program provides incentives and resources for owners to receive a complimentary audit on their existing buildings for detailed efficiency opportunities or obtain discounted loan pricing on green certified properties.

Fannie Mae
Fannie Mae's new Multifamily Green Financing Initiative allows building owners to leverage pricing breaks and higher loan proceeds to facilitate strategic capital investments in the efficiency of their multifamily buildings. Through the program, owners can:

WegoWise hosted a joint webinar with Fannie Mae to educate multifamily building owners on the program and how to comply. Interested in learning more? You can view the slides and recording.

Freddie Mac
Freddie Mac’s new Multifamily Green AdvantageSM program also gives  building owners the ability to qualify for better pricing and higher loan proceeds by investing in improved building efficiency. Some additional benefits?

Great! What else do I need to know?
Once qualified for reduced interest rates under either program, borrowers must benchmark and report – annually – whole building energy and water use to measure and verify efficiency improvements. Done manually this is a time-consuming and error-prone process, but automated benchmarking providers, (like WegoWise) can assist owners with whole building data collection and provide assurance that the information is reported accurately in Portfolio Manager. 

The WegoWise platform manages reporting for green financing by automating the collection and submission of utility data for performance verification without the hassle of manual data collection. To learn how WegoWise can help you attain pricing breaks and higher loan proceeds with both Fannie Mae and Freddie Mac, download our one-pager or get in touch with us.

Learn more!