Fannie Mae’s Green Rewards – Freddie Mac’s Green Up/Green Up Plus
Vireo Energy provides water and energy consulting to companies interested in lowering their energy costs and applying for Green Mortgage programs. Vireo has a private green mortgage program for commercial and industrial mortgage loans.
Programs also include Fannie Mae’s Green Rewards and Freddie Mac’s Green Up/Green Up Plus programs. These programs have increased the requirements for exclusion from the multifamily cap loans that finance energy or water efficiency improvements through. To qualify for exclusion from the cap, multifamily loans that finance energy or water efficiency improvements must project a minimum 30% reduction in whole property energy and water consumption and a minimum of 15% of the reduction must be in energy consumption. The FHFA is also adding a data collection requirement for all excluded Green Rewards and Green Up/Green Up Plus loans, which requires engagement of a third-party data collection firm prior to closing. IN addition, we can provide development and contract services to oversee project implementation for qualification. This includes, energy efficiency, energy storage, EV vehicle charging, solar etc.