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…

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.