Fannie Mae’s green financing was lunched over nine years ago and over 550,000 multifamily units have been built or retrofitted under the program.
Fannie Mae studied the impact on residents and found them to be significant. Residents annual utility expenses decreased by 10% or $145 on average. That may not seem like much, but it is important for low-income families. Also, green construction contributed over 170,000 jobs and $7.2 billion in workers’ income. This is on top of all the environmental benefits, like water savings and greenhouse gas reductions.
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