Fannie Mae and Fitwel have joined together to provide developers with the necessary tools to support healthy housing.
Through Fannie Mae’s Healthy Housing RewardsTMprogram, developed in collaboration with the Center for Active Design, borrowers can receive a 15 basis point loan pricing discount and reimbursement of Fitwel Certification costs up to $6,500. To qualify, a multifamily property must attain Fitwel certification and offer at least 60% of units for tenants who are at or below 60% of the area median income (AMI).
What is Fitwel?
Fitwel is a building certification system that sets standards for design features and operational strategies that support the health of building occupants. The Fitwel Certification System offers 70+ evidence-based design and operational strategies to optimize the health promoting impact of multifamily housing, and offers two efficient pathways for HHR borrowers to achieve certification in just 6 weeks.
More about Healthy Housing Rewards™
Healthy Housing Rewards™ provides a financial incentive for borrowers who incorporate health-promoting design and operational features in their newly constructed or rehabilitated multifamily affordable rental properties. Borrowers who incorporate features that encourage physical activity, healthy eating and improved air quality – such as playgrounds, community gardens and tobacco-free policies – may be eligible for below market rate pricing.
This program can be used when:
Fitwel Certification Fees
Ready to get started? Register your project at app.fitwel.org and discuss eligibility for Healthy Housing Rewards with your Fannie Mae’s Delegated Underwriting and Servicing (DUS®) Lenders.
Have questions or interested in learning more?