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Freddie Mac Multifamily
Green Advantage®
Green is Gold
We make it easy to be green! When you save energy and water, you may also qualify for better pricing and more proceeds — with our Green Advantage® suite of offerings.
Green Advantage focuses solely on workforce and deeply affordable housing to make the strongest impact. See our Affordability Test.
Options include Green Up®, Green Up Plus®, Green Retrofits, Green Certified, Green Rebate or C-PACE.
Going Green?
Just choose which path works for you – Green Up or Green Up Plus – for even more funding for workforce housing. When you commit to reducing energy/water consumption by at least 30%, you may get better pricing and more funding to make these enhancements.
Borrowers must be able to reduce whole property energy consumption by at least 15% and reduce either energy and/or water whole property consumption by an additional 15% for a total of 30% reduction in whole property energy and water consumption.
Green Assessment®
Get a Green Assessment®, a straight-forward property analysis to show borrowers how they can save energy or water by making property improvements.
We reimburse up to $4,000 of the cost of the report, when Freddie Mac acquires the loan.
Green Assessment Plus®
Get a Green Assessment Plus®, a highly-detailed property analysis based on an ASHRAE level 2 energy audit.
We reimburse up to $4,000 of the cost of the report, when Freddie Mac acquires the loan.
Green Up®
Borrowers who commit to making improvements based on the Green Assessment and are able to save 30% in energy or water usage with a minimum of 15% from energy get:
- Better pricing
- More funds: We’ll underwrite up to 50% of projected energy savings
Green Up Plus®
Borrowers who commit to making improvements based on the Green Assessment Plus and are able to save 30% in energy or water usage with a minimum of 15% from energy get:
- Better pricing
- More funds: We’ll underwrite up to 75% of projected energy savings
Data Collection
Green Up and Green Up Plus loans require borrowers to engage a third-party data collection firm prior to loan origination. Data collection is required for the life of the loan. View the consultant qualifications.
Resources
- Benchmarking and Utility Resources
- Benchmarking Data Collection Guide
- Benchmarking Metrics Submission Guide
- Benchmarking Data Consultant Requirements
- Green Improvements, Completion Monitoring and Modifications
- Video: Benchmarking Metrics – Getting Started
- Video: How to Share a Property Record with Freddie Mac
- Video: How to Submit Benchmarking Metrics
Already Green?
Green Retrofits
This feature is for deeply affordable properties with energy and/or water efficiency improvements already made — within the current calendar year or the previous two calendar years from when the borrower completes Form 1209: Green Retrofits certification.
Green Certified
We give discounted loan pricing for properties that have affordable rental units with any of the following nine industry-standard green building certifications.
- EarthCraft, Greater Atlanta Home Builders Association & South Face
- ENERGYSTAR® for Multifamily Existing Buildings, High Rise, New Construction, EPA
- Green Communities, Enterprise Community Partners
- Green Globes, Green Building Initiative
- GreenPoint Rated, Build It Green
- Leadership in Energy and Environmental Design (LEED), US Green Building Council
- National Green Building Standard (NGBS), Home Innovation Research Labs
- Passive House Institute US (PHIUS) Certified
- Passive House Institute (PHI) Certified
Optigo® lenders should:
- Speak to their Freddie Mac representatives.
- Complete our Affordability Test and select the relevant certification.
- Provide evidence of certification as part of the loan submission to receive our best quote.
Green Rebate
Borrowers who do not pursue any other Green Advantage options can receive $5,000 from Freddie Mac for delivering an EPA ENERGYSTAR® Score with a Green Rebate
Commercial Property Assessed Clean Energy (C-PACE) Financing Consent
Freddie Mac Multifamily can grant consent for Commercial PACE financing from qualifying Commercial PACE programs on loans in our retained portfolio. Additional requirements may apply. Check with your Freddie Mac representative for details.