| Sponsor Eligibility | Fannie Mae?s DUS? underwriting requirements.
Borrowers must have sufficient assets, liquidity and experience to support the mortgage loan and perform sponsorship responsibilities, as determined by underwriting. |
| Types of Projects Funded | ?Provides funding for the refinance, preservation and energy efficient retrofits of older affordable multifamily housing properties.
Property must be at least 10 years old, with a At least 5 percent of the refinance loan proceeds must be applied to property renovation or energy retrofit. As a requirement for underwriting, Fannie Mae will adopt a Green Property Needs Assessment (Green PNA) as a standard required for all Green refinancing Plus loans. All rehabilitation and energy improvements must enhance value and improve property operations. |
| Affordability Requirements | Recorded use agreement of the affordability restrictions that extends for at least the term of the new loan to help preserve affordable housing must be in place. |
| Funds Available Per Project | ?No minimum or maximum, but loans over $50 million require HUD consent. |
| Primary Contact | Bellwether Enterprise Duluth and Atlanta, GA Website Other Fannie Mae designated Affordable Lenders: |
| Links to More Information | Fannie Mae Green Initiative Financing Bellwether Enterprise Lending Programs Bellwether Green Preservation Plus |
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