BRE Global announced that Fannie Mae approved the institution's BREEAM Residential Plus assessment approach for its Green Financing program, with products for multifamilies "that benefit borrowers who invest in energy and water efficiencies, including preferential pricing and additional loan proceeds for energy and water efficiency retrofits."
According to Fannie Mae, BREEAM USA is now one of seven organizations that have green building certifications acceptable to join the Group 1 certifications, which was the top level until the introduction of Towards Zero.
"Fannie Mae has done exemplary work providing financial incentives to building owners and operators to focus on lower energy use and more sustainable operations and verify through third-party certification," said Breana Wheeler, BRE director of operations, in prepared remarks.
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© 2024 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.
