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Multifamily Investors See Green for Eco-Friendly Buildings
Green financing experienced a big uptick in 2017, as multifamily owners and investors took advantage of rewards programs offered by Fannie Mae and Freddie Mac. Last year, Fannie Mae invested more than $27 billion in green financing, compared to the $3.6 billion it invested in 2016, while Freddie Mac invested $18.7 billion in 2017.
New research from NMHC revealed that multifamily investors think green financing will continue to play a key role in the lending space in 2018, with 55% of survey respondents predicting volumes will mirror 2017 levels or even increase this year.
JLL’s Karen Shea says, “I expect that green financing will become more prevalent throughout 2018. For assets built to green standards with industry certification and assets that ‘go green,’ both GSE’s offer interest rate pricing incentives of anywhere between five-35 basis points.”
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- ◦Financing
