Green finance has come a long way since Fannie Mae issued its first multifamily green bond in 2012. In today’s ESG-focused market, multifamily developers and owners are acknowledging the effects of climate change and turning toward the financial and operational rewards of green financing programs.
The GSE programs are well suited for multifamily borrowers who “acquire an older vintage asset or want to refinance and put money back into an asset,” noted Greystone Director Phil Cathlina.
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