Green Program Summary. 2018 .pdf
Original filename: Green Program Summary. 2018.pdf
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FNMA & FREDDIE MAC GREEN PROGRAM
FNMA & Freddie Mac
20% for energy OR water
15% for energy OR water
25% for energy OR water
N/A escrowed to 100%
$350 per unit, escrowed
75% of owners and 25%
of tenants projected
savings included in NCF
up to 5% higher proceeds.
Underwrite up to 50% of
savings up to 85% as is
Value and 1.20x dsc or
**No minimum spend
requirement for green
improvements, nor a
minimum age for eligible
**THE 2018 MULTIFAMILY LENDING CAP WILL BE $35 BILLION FOR FREDDIE MAC AND FANNIE MAE. AS IN PRIOR YEARS, FHFA WILL
REVIEW ITS ESTIMATES OF THE MULTIFAMILY LOAN ORIGINATION MARKET SIZE ON A QUARTERLY BASIS AND MAY INCREASE THE
CAPS IF NECESSARY. LOANS IN CERTAIN AFFORDABLE AND UNDERSERVED MARKETS CONTINUE TO BE EXCLUDED FROM THE CAP.
**ADDITIONALLY, FNMA & FREDDIE MAC ARE ADDING ANOTHER TIER OF AFFORDABILITY, “EXTREMELY HIGH COSTS MARKETS”, TO
ADDRESS THE CRITICAL SHORTAGE OF MIDDLE-INCOME HOUSING. UNITS AT RENTS AFFORDABLE TO THOSE AT OR BELOW 120
PERCENT OF THE AREA MEDIAN INCOME IN EXTREMELY HIGH-COST MARKETS WILL BE ELIGIBLE FOR EXCLUSION FROM THE CAP ON
A PRO-RATA BASIS.
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