Fannie Mae has implemented a service for our Borrowers and Lenders to streamline and simplify the reporting of energy and water performance data annually. Fannie Mae has engaged a service provider, Bright Power, to provide Measurement and Verification Services related to Fannie Mae Multifamily Green Mortgage Loans to assist Lenders and Borrowers in measuring annual energy and water performance. For more information, please refer to the Fannie Mae Green Measurement and Verification Service FAQs – Green Mortgage Loan Borrowers.
To help multifamily properties reduce energy and water costs and to minimize negative impacts to the environment, Fannie Mae Multifamily partnered with the U.S. Environmental Protection Agency to create the 1 to 100 ENERGY STAR Score for Multifamily and the 1 to 100 EPA Water Score for Multifamily. As a result of Fannie Mae's 2012 nationwide survey of over 1,000 multifamily properties, the US EPA launched the ENERGY STAR Score for Multifamily in September 2014. The launch of the EPA Water Score for Multifamily followed in October 2017.
For properties financed with a Green Rewards Mortgage Loan, a Green Preservation Plus Mortgage Loan, or a Mortgage Loan secured by a property with an eligible Green Building Certification Pricing, Fannie Mae has contracted with Bright Power to facilitate the collection of the data and to provide additional value to you in managing your property. Fannie Mae's Green Measurement and Verification Service is a new, exclusive benefit provided on behalf of Fannie Mae and DUS Lenders to all Green Mortgage Loan Borrowers. For more information, please refer to the Fannie Mae Green Measurement and Verification Service FAQs – Green Mortgage Loan Borrowers.
If you are a Fannie Mae Green Mortgage Loan Borrower, a Bright Power Energy Analyst will contact you. If you have questions after reviewing the FAQ, please contact FannieMae@brightpower.com.For properties required to benchmark by city or state law, please refer to the FAQs for Fannie Mae Borrowers with Local or State Benchmarking Requirements and How To Submit 2018 Energy Performance Metrics for Borrowers with Local or State Benchmarking Requirements.
If you are a Fannie Mae Borrower and your property is in a city or state with a local benchmarking requirement, you are also required to report this data to Fannie Mae, and share your property with Fannie Mae in ENERGY STAR Portfolio Manager®. If your property is required to report Energy Performance Metrics (EPMs) to Fannie Mae, you must submit the following six data points that describe the energy and water performance at the property:
In 2019, the following jurisdictions require certain multifamily properties to report:
Fannie Mae will disclose a property's ENERGY STAR Score, EPA Water Score, Source Energy Use Intensity, and Water Use Intensity if the Property is subject to a local benchmarking law.Owners are now able to benchmark their multifamily Property in ENERGY STAR® Portfolio Manager®, a free, online tool, and to receive an ENERGY STAR certification if the Property's score is 75 or greater. Fannie Mae offers incentives for properties with Green Building Certifications.
For third-party utility service providers that are supporting reporting for Borrowers, please refer to the Fannie Mae Green Multifamily Financing FAQs – Third-Party Utility Service Providers for more details to support your customers.