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An inside look at Fannie Mae's new plan to reward green communities

from Multi-Housing News

Fannie Mae intends to reward multifamily properties with green building certifications, such as LEED, with lower interest rates, according to a recent announcement by the Washington, D.C.-based U.S. Green Building Council. With a portfolio valued at more than $200 billion, Fannie Mae is the nation's leading provider of multifamily financing. Fannie Mae will now grant a 10-basis-point reduction in the interest rate of the refinance, acquisition or supplemental loan of a multifamily property. more

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