WASHINGTON, DC–Fannie Mae has added a new product to its Healthy Housing Rewards initiative, which it introduced last year. Called Enhanced Resident Services, its goal is to encourage multifamily borrowers to provide services that improve the health and wellbeing of tenants in affordable housing.
Examples would be health and wellness interviews and screens, connecting residents with government health benefits, monitoring of health coverage and providing transportation to off site health services, Bob Simpson, Vice President of Affordable and Green Financing tells GlobeSt.com. Other examples include after-school programs, on site food banks, resident programming that keeps tenants engaged in social interaction, financial literacy classes, job training or GED programs, he says.
“We want to make sure, being in the affordable business, that it's not just about liquidity but that it's also about having a tangible impact on people who are living in the properties that we are financing,” he says.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
