|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
Other Fannie Mae designated Affordable Lenders:
|Links to More Information||Fannie Mae Green Initiative Financing
Bellwether Enterprise Lending Programs
Bellwether Green Preservation Plus