Fannie Mae Updates Multifamily Green Bond Framework

Fannie Mae has updated its Multifamily Green Bond Framework to place more rigor on eligible green building certifications. The updated framework will be applicable for bonds issued on or after January 1, 2025, and highlights Fannie Mae's commitment to positively impact renters as well as the environment and the communities we live in. It is accompanied by a Second Party Opinion from S&P Global Ratings.

Fannie Mae strives to set meaningful targets for the eligibility criteria for its Multifamily Green Bonds. The updated framework establishes a new baseline for green building certifications, moving from the American Society of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE) 90.1-2004 for both new and existing building certifications to higher baselines of:

• ASHRAE 90.1-2010 for existing building certifications, and
• ASHRAE 90.1-2019 for new building certifications.

A revised list of Eligible Green Building Certifications (GBCs) assessed on the updated baseline is provided in Form 4250. Eligible GBCs are evaluated annually to determine if such certifications meet Fannie Mae's expected energy efficiency standards for residential buildings.

Fannie Mae's Multifamily Green Bond Framework received a Light Green Second Opinion from S&P Global Ratings, a leading global provider of green ratings for bonds.

To learn more about Fannie Mae's Multifamily Green MBS program, visit our webpage.

For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.