Freddie Mac Green Advantage

Freddie Mac ApartmentIn August 2016, Freddie Mac (Federal Home Loan Mortgage Corporation, FHLMC) introduced the Freddie Mac Green Advantage suite of financing options to reward borrowers who:

  • Plan to improve their Multi-family properties to save energy/water, or
  • Have a Green Building Certified Multi-family property

 

Freddie Mac Green Up

  • Borrowers receive preferred financing for committing to reduce owner-paid energy or water consumption.
  • Partner can provide a detailed Green Assessment in addition to the PCA and Phase I reports.
  • The Freddie Mac Green Assessment is an ASHRAE Level I report detailing proposed property-level improvements to promote utility consumption efficiency at the Property. The report describes projected savings in terms of utility consumption and dollars saved per improvement item.
    • Freddie Mac will reimburse up to $3,500 of the cost of the report when the borrower closes a loan
  • Underwrite up to 50% of projected energy savings.

Freddie Mac Green Up Plus

  • Borrowers receive preferred financing for committing to reduce owner-paid energy or water consumption.
  • The Freddie Mac Green Assessment Plus is an ASHRAE Level II report that contains the same information as the Freddie Mac Green Assessment but provides a more detailed analysis of projected savings in terms of utility consumption and dollars saved at the Property.
    • Freddie Mac will reimburse up to $3,500 of the cost of the report when the borrower closes a loan
  • Underwrite up to 75% of projected energy savings.

Freddie Mac Green Certified

  • Green Certification
    • EarthCraft, Greater Atlanta Home Builders Association & South Face
    • ENERGY STAR for Multifamily, EPA
    • ENERGY STAR for Qualified Multifamily High-Rise, EPA
    • Green Communities, Enterprise Community Partners
    • Green Globes, Green Building Initiative
    • GreenPoint Rated, Build It Green
    • LEED, US Green Building Council
    • National Green Building Standard (NGBS), Home Innovation Research Labs