Fannie Mae Honored by EPA for Second Year as an ENERGY STAR Partner of the Year
Fannie Mae Recognized for Increasing Adoption of Energy-Efficient Policies and Practices
Callie Dosberg, Fannie Mae
Kristinn Leonhart, ENERGY STAR Brand Manager
WASHINGTON, DC – The U.S. Environmental Protection Agency (EPA) has recognized Fannie Mae with a 2016 ENERGY STAR® Partner of the Year – Energy Efficiency Program Delivery Award for its outstanding efforts to increase adoption of energy-efficient policies and practices in multifamily housing. This is the second year Fannie Mae received this honor, and the company’s accomplishments were recognized at an awards ceremony dinner in Washington on April 13, 2016.
Fannie Mae, an ENERGY STAR partner since 2011, was recognized for its work in helping multifamily owners make their properties more environmentally sustainable by reducing energy and water consumption, which in turn reduces expenses and improves overall property quality.
“Fannie Mae continues to innovate and lead the market in the green financing space, giving borrowers smart options to reduce energy use, lower utility costs and preserve property value,” said Jeffery Hayward, Executive Vice President for Multifamily, Fannie Mae. “We are committed to this business and are pleased that the EPA recognized our work in this space again. We look forward to another strong year for our green program and will continue to work with our lender partners to ensure green financing options are available to borrowers.”
Fannie Mae’s accomplishments in promoting energy efficiency policies and practices include offering lower mortgage interest rate on loans backed by properties with an ENERGY STAR Certification and expanding its energy benchmarking reporting program using ENERGY STAR Portfolio Manager® to more than 2,000 multifamily owners in nine cities nationwide.
“It’s exciting to see the way the multifamily industry has changed as a result of our collaboration with ENERGY STAR,” said Bob Simpson, Multifamily Vice President for Affordable, Green, and Small Loans, Fannie Mae. “Multifamily property owners now have not only the incentive, but also the tools needed to green their properties.”
Since its inception in 1992, ENERGY STAR and its partners have helped prevent a total of more than 2.4 billion metric tons of greenhouse gas emissions. In 2014 alone, ENERGY STAR and its partners provided more than $11 billion in societal benefits due to reducing damages from climate change.
“As a leader in ENERGY STAR program implementation, Fannie Mae is helping transform the energy efficiency market,” said EPA Administrator Gina McCarthy. “Using ENERGY STAR resources, Fannie Mae is expanding access to energy-saving practices to grow the economy and protect the environment.”
ENERGY STAR has 16,000 partners working to protect the environment through greater energy efficiency, including manufacturers, retailers, public schools, hospitals, real estate companies, and home builders.
Fannie Mae is the market leader in providing green solutions to the multifamily industry, providing over $440 million in Green Financing since 2012. The company offers a suite of green financing solutions, including interest rate reductions and additional loan proceeds so borrowers can make energy and water efficiency property improvements.
For more information on Fannie Mae’s Multifamily Green Initiative, please visit www.fanniemaegreeninitiative.com. For a complete list of 2016 winners and information, and more information about ENERGY STAR’s awards program, visit www.energystar.gov/awardwinners.
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About ENERGY STAR
ENERGY STAR is the simple choice for energy efficiency. For more than 20 years, people across America have looked to EPA’s ENERGY STAR program for guidance on how to save energy, save money, and protect the environment. Behind each blue label is a product, building, or home that is independently certified to use less energy and cause fewer of the emissions that contribute to climate change. Today, ENERGY STAR is the most widely recognized symbol for energy efficiency in the world, helping families and businesses save $362 billion on utility bills, while reducing greenhouse gas emissions by more than 2.4 billion metric tons since 1992. Join the millions who are already making a difference at energystar.gov.