The Wave Of Green Financing Will Continue In 2017
2016 saw an unprecedented boom in multifamily green financing. Offering meaningful finance rate discounts, these green loan programs are expected to pick up steam in 2017.
The year 2016 saw an unprecedented boom in multifamily green financing programs. While the GSEs have been committed to sustainability initiatives for many years, this year was different. HUD, Fannie Mae and Freddie Mac all updated existing programs and/or introduced new programs that were significantly more attractive for everyone than previous iterations. The result? From zero to 60 in a matter of months. As of late 2016, over $3.2 billion in green loans were funded by Freddie and Fannie, an unprecedented amount.
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