Single-Family Green MBS
Fannie Mae issues Single-Family Green MBS, which include either purchase money or refinance mortgage loans backed by newly constructed single-family residential homes receiving approved green building certifications within the last five years and/or meeting the performance eligibility target for solar photovoltaic (PV) systems as a source of energy generation and/or an eligible water certification with at least a 30% reduction in water usage in water-stressed or water-scarce areas.
Eligible Properties
Green Building Certification Loans
The ENERGY STAR® Certification for New Homes (Residential) is a designation accepted by Fannie Mae as a baseline for loans underlying its Single-Family Green MBS because the certification is recognized for its:
- Nationally and globally distinguished standard for energy efficiency;
- Achievement of at least 10% more efficiency than homes built to code and a 20% improvement on average; and,
- Independent verification by trained and certified Home Energy Rating Companies.
We annually assess eligible green building certifications to ensure they meet the program guidelines and determine if new certifications should be added.
Solar Loans
Properties with solar PV systems may also be included in our program. To be eligible for consideration, the solar PV systems must produce a minimum of a 20% reduction of the home's electricity consumption on an annual basis.
Water Efficiency Loans
Properties located in water-stressed or water-scarce areas may also be included in our program. To be eligible for consideration, loans must have an eligible water certification and must achieve a water use reduction of at least 30% at the time construction or retrofits are completed, or within five years from the date Fannie Mae purchased the loan.
Fannie Mae independently validates the green building and water certifications, as well as the solar eligibility percentage of all properties underlying the MBS through a proprietary database.
Single-Family Green Bonds Issuance
Fannie Mae has issued the following Single-Family Green MBS:
Download issuance file (.xlsx) Download issuance file (.csv)
Impact Reporting
Rigorous standards, transparency, and accountability to investors are the foundations of Fannie Mae’s Green Bond Business. We are committed to providing comprehensive, highly transparent disclosures about our securitization process and impacts of our Green Bonds.
Learn more about the environmental and social impacts of our green and social bonds.
Access CUSIP-Level Impact Data
S&P Global Shades of Green Second Opinion
The Single-Family Green Bond Framework received a Light Green Second Opinion from S&P Global Shades of Green, a leading global provider of green ratings for bonds. Shades of Green Second Opinions are independent, research-based evaluations of green bond investment frameworks to determine the environmental robustness of green bonds and offer investors better insight into the environmental quality of these bonds. Shades of Green recognized that Fannie Mae's single-family green MBS business aligns with the International Capital Markets Association's Green Bond Principles, establishing our green MBS as certifiable green investments.