What’s new in Multifamily Green Finance
1 - 3 pm : Program
3 - 4 pm: Refreshments and Networking
Pre-registration is required
Exciting developments are in the works for multifamily green refinancing! Find out how you can benefit from new funding opportunities to improve your project’s energy and resource efficiency and the health of your occupants.
Announced May of 2011, US Housing and Urban Development’s (HUD) Federal Housing Administration (FHA)
and Fannie Mae jointly launched Green Refinance Plus, a product enhancement to the existing Risk Sharing program, to provide extra funding for energy and water efficiency upgrades and other property improvements. Instead of a conventional Physical Needs Assessment, the property owner will be required to obtain a Green Physical Needs Assessment
which will identify needed renovations to the property, energy efficiency measures and water-efficiency improvements.
Chrissa Pagitsas, Fannie Mae Multifamily Green Initiative Program Manager will give an overview of Green Refinance Plus and the Multifamily Green Initiative. You will have the opportunity to provide feedback about your experience in the California market with meeting green standards and obtaining multifamily financing.