Freddie Mac Introduces a Green Rebate Program - up to $5000 for multifamily property loans

As the largest funder of multifamily properties nationally, Freddie Mac hopes to boost awareness of energy consumption among apartment owners and managers. Borrowers financing properties with 20 units or more can now apply for a $5000 rebate on multifamily property loans. Applicants must provide an Energy Star score, which is available through the U.S. Environmental Protection Agency's (EPA's) Portfolio Manager tool, a free, online software platform that allows commercial building owners and managers to benchmark and track energy and water usage as well as greenhouse gas emissions. Portfolio Manager generates a score that is a simple indicator of the energy performance of a multifamily property compared with its peers from across the country. “I’m trying to encourage borrowers to get in the habit of using this tool and thinking about creating more energy efficiencies at their properties,” says Mitchell Resnick, vice president of capital markets for Freddie Mac Multifamily. Full article via Multi-Family Executive: http://www.multifamilyexecutive.com/design-development/green/freddie-introduces-green-rebate-program_o