August 09, 2016

Giving Rentals a Green Advantage(sm) for Working Families

Giving Rentals a Green Advantage(sm) for Working Families

Freddie Mac Multifamily's Green AdvantageSM is a better way for property owners who want to take advantage of the value that energy and water efficiency can bring to their businesses (lower utilities and operating costs), their tenants (lower individual utility bills), and the environment where we all live.

Research shows energy and water efficiency improvements can generate potential economic savings of between 28–to–38 percent, energy savings of between 22–to–31 percent, and tenant utility cost reductions of as much as 40 percent. 

That's important because a 10 percent cut in utility costs can increase the number of rentals affordable to working families by at least 10 percent, according to a 2015 Freddie Mac analysis.

Here's what Freddie Mac's Green Advantage can do:

  • Give multifamily borrowers better pricing
  • Increase their loan amounts to finance resource–efficiency improvements
  • Make rental housing even more affordable to working families.

Two other important points: Freddie Mac will reimburse all or part of the cost of the energy audit borrowers use to identify the cost–saving changes their approved loan will finance. And, Green Advantage is available on Freddie Mac's conventional multifamily loans, as well as multifamily loans for seniors, student housing and both subsidized and unsubsidized affordable projects.

Click here to get all the details of Freddie Mac Multifamily's Green Advantage.