Fannie Mae Honored by EPA as a 2015 ENERGY STAR(r) Partner of the Year
- Apr 29, 2015
Washington, D.C.—The U.S. Environmental Protection Agency (EPA) has recognized Fannie Mae with a 2015 ENERGY STAR® Partner of the Year – Energy Efficiency Program Delivery Award for its outstanding efforts to increase adoption of energy-efficient policies and practices in multifamily housing.
Fannie Mae, an ENERGY STAR partner since 2011, was honored for its work in helping multifamily owners make their properties more environmentally sustainable by reducing energy and water consumption, which in turn reduces expenses and improves overall property quality.
Fannie Mae’s accomplishments in promoting energy efficiency policies and practices include gathering nationwide multifamily data resulting in the EPA’s newest ENERGY STAR Score, the 1 – 100 ENERGY STAR Score for Multifamily Housing. Fannie Mae integrated the ENERGY STAR Score into the standard multifamily mortgage processes in order to allow owners and lenders to assess a property’s energy performance as part of its financial performance.
Since its inception in 1992, ENERGY STAR and its partners have helped prevent more than two billion metric tons of greenhouse gas emissions. In 2013 alone, ENERGY STAR and its partners provided more than $11 billion in societal benefits due to reducing damages from climate change.
In addition to leading efforts to develop the new 1 – 100 ENERGY STAR Score for Multifamily Housing, Fannie Mae announced in February that multifamily properties with a Green Building Certification such as LEED or ENERGY STAR will receive a 10 basis point reduction in the interest rate on new loans. Fannie Mae also reduced the all-in interest rate on Green Preservation Plus loans by 10 basis points. Green Preservation Plus supports the preservation of affordable housing, and provides up to an additional five percent in loan proceeds to affordable housing owners seeking to make energy and water efficiency upgrades. Fannie Mae is the market leader in providing green solutions to the multifamily industry, providing over $130 million in Green Financing since 2012.