Fannie Mae Launches Multifamily Green Initiative via GreenBuilder

There is an emerging business opportunity for certified RESNET Home Energy Raters with multifamily buildings. The U.S. multifamily housing stock is aging. The Harvard Joint Center for Housing Studies estimates that the average age of the nation’s multifamily housing stock is 38 years. This means that there are many opportunities for making cost effective energy upgrades to multifamily buildings. Aging multifamily housing and increasing energy costs also provides an opportunity to preserve affordable housing.

Fannie Mae is a key player in the financing of multifamily buildings. Fannie Mae reports that the size of their multifamily portfolio is nearly $193 billion. The Federal Reserve reported that Fannie Mae accounts for 21.2% of the financing of multifamily housing. The corporation has a multifamily portfolio of more than 3.8 million housing units. This makes the corporation the nation’s largest single participant in the multifamily mortgage market.

Fannie Mae’s housing mission and size of its multifamily portfolio provides a natural alignment of interests with green building principles.

Read more...Fannie Mae Launches Multifamily Green Initiative - GreenBuilder