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Freddie Mac White Papers Detail Multifamily Natural Disaster Resilience Measures and Green Improvements

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McLean, Virginia.And December 27, 2021 (Globe Newswire) – Freddy Mac (OTCQB: FMCC) today issued a pair of white papers as part of Freddie Mac’s Duty to Service plan, which aims to increase liquidity for historically underserved markets across the country. The first paper addresses multifamily resilience efforts and identifies the importance of these measures for those who are disproportionately affected by disasters and climate change. The second paper builds on 2018, 2019 and 2020 reports by revealing new data on energy and water efficiency improvements in workforce housing that have been achieved as part of the company’s green advantage.® a program. This year’s report includes an in-depth analysis of the impact of green improvements under the loans purchased through Green Up® and Green Up Plus® offers.

“Green improvements and resilience efforts are vital to maintaining affordable housing, particularly in communities and properties serving minorities and low-to-medium income renters,” he said. Corey Abber, Senior Manager Multi-family missionpolicy and strategy in Freddy Mac. “By surveying current resilience efforts, we are working to identify resources that industry and multi-family operators can build on and leverage to improve preparedness for and response to natural disasters. On the other hand, our paper on Green Improvements expands previous research and enhances the overall transparency of our energy and water saving efforts. “.

Flexibility efforts in Affordable multi-family housing
The first paper, “Resilience Efforts in Affordable multi-family housing, “I have found that comprehensive and proactive planning is particularly important for minority and low-income communities, which are more vulnerable geographically and more at risk of experiencing the financial and health impacts of natural disasters. Currently, there are many public and private market approaches to improving resilience, including This includes government programs (eg, low-income housing tax credit (LIHTC) incentives) on the public side, premium reductions, and specialized financing for resilience efforts by the private market.These programs and initiatives can provide the basis for new innovations and collaboration between public and private actors. To achieve maximum flexibility.

2021 analysis of green improvements in manpower housing
The second paper, “2021 Analysis of Green Improvements in manpower housingShe reviewed the impact of Green Up and Green Up Plus, which both aim to improve water and energy efficiency in multifamily workforce properties. From the start of the program through the third quarter of 2021, Freddie Mac Multifamily Green Up and Green Up Plus offerings were used for loans totaling 64 billion dollars It affected nearly 630,000 units. Improvements in these features provide an average $191 per unit per year and tenants $129 Annually based on reported ownership data.

Freddy Mac It continues to lead the way in utility data valuation that provides critical transparency to property provision through green improvements. To help with this effort, Freddy Mac Created a resource page for borrowers and other stakeholders, including a guide to standard data collection for green benefits and how-to videos for data collection and sharing. These efforts have contributed to a 25% increase in reported tenant data as of 2020, allowing for Freddy Mac Ability to perform further energy saving analysis of the tenant.

Freddie Mac Multifamily is the nation’s pioneer in multifamily housing finance. Historically, more than 90% of the eligible rental units we finance are affordable to low-to-middle income families who earn up to 120% of the median income in the area. Freddy Mac Securitize about 90% of the multifamily loans it buys, thereby transferring the majority of expected credit risk from taxpayers to private investors.

Freddy Mac It makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress In the 1970’s, we made housing more accessible and affordable for home buyers and renters in communities nationwide. We are building a better home finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddy Mac FreddieMac.com/blog blog.

Media contact: Mike Morosi
(703) 918-5851
Michael_Morosi@FreddieMac.com
Irene Mancini
(703) 903-1530
Erin_Mancini@FreddieMac.com

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source: Freddy Mac

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