Green and Healthy Housing Programs
MHP's Green and Healthy Housing Programs is a new initiative designed to encourage more affordable housing property owners to realize the benefits of going green and healthy.
The new MHP programs provide permanent first mortgage financing for both new and existing affordable housing developments using any of MHP’s capital sources including bank financing, Fannie Mae, or FHA Risk Sharing. MHP underwrites and services all of its loans regardless of the capital source.
MHP’s three Green and Healthy Housing Programs are:
- Green Building Certification Financing (GBC) – Designed for new and existing projects, GBC offers reduced interest rates, reimbursement for commissioning costs up to $15,000 for most certification programs, and free energy performance benchmarking services for the first two years after loan closing. GBC was revised in 2021 and now offers a new tier of 40-basis point discounts for zero energy certifications. Incentives for pursuing Passive House certification line up with incentives offered by MassSave. Term sheet.
- Green Retrofit Financing (GRF) – GRF offers increased loan proceeds, free energy audits, reduced interest rates, and free benchmarking services for the refinance and rehabilitation of multifamily projects that invest in property improvements that reduce energy and water consumption by a combined 30 percent. Term sheet.
- Healthy Housing Financing (HHF) – HHF offers reduced interest rates and reimbursement for the costs of obtaining healthy housing certification from the Fitwel® multifamily certification program. Term sheet.
For more information about these new programs, contact Director of Business Development Nancy McCafferty at 857-317-8556 or nmccafferty@mhp.net or Senior Relationship Manager Alma Balonon-Rosen at 585-764-6963 or almabr@mhp.net.
Related program
MHP joins state in administering new Climate Ready Housing Program.