HUD, Fannie Mae Announce New: Green Refinance Program for Affordable Properties

By Caitlin Jones
July 19, 2011 1 min read

Tax Credit Advisor, July 2011: The U.S. Department of Housing and Urban Development and Fannie Mae have unveiled a new program to refinance existing affordable multifamily rental housing properties and provide funds to pay for energy and water efficiency upgrades.

The Green Refinance Plus program, being offered through Fannie Mae’s network of Delegated Underwriting and Servicing (DUS) and Special Affordable lenders, is an enhancement of the standard Fannie Mae/Federal Housing Administration (FHA) Risk Sharing program. However, it permits lower debt service coverage and higher loan-to-value ratios to generate extra loan proceeds to finance property rehabilitation and energy retrofits. Read More…

Leveraging NMTC and GGRF

A Synergistic Approach to Community Development

Jennifer Kirkley & Regan St. Pierre • September 13, 2024 6 min read

Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

What Can Be Done About Insurance?

NH&RA Panelists Explore Ways to Rein in High Insurance Costs for Affordable Housing

Pamela Martineau • September 1, 2024 6 min read

Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

Rainbow Housing: Transforming Resident Services from Within

Abram Mamet • September 1, 2024 9 min read

For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.