When we launched our Green Bond Business in 2010, our premise was simple but pioneering.
We would leverage our leading role in the mortgage finance market to incentivize property owners to make environmental improvements to their properties. In parallel, we would offer a transparent and high-quality investment opportunity to global investors seeking to accelerate the transition to a low-carbon economy. For more than a decade, Fannie Mae has put that premise into action, generating measurable environmental — as well as social and financial — benefits for property owners, tenants, lenders, and investors.
Fannie Mae issuances 2012-2020
For impact at the CUSIP and loan level, click here.
kilo British Thermal Units (kBtu) of source energy saved
gallons of water saved*
metric tons carbon dioxide equivalent (MTCO2e) of greenhouse gas emissions prevented
utility cost savings by multifamily tenants, or an average of $184 per family per year*
average homeowner utility cost savings per single-family home per year**
properties retrofitted or green building-certified*
well-paid jobs created or supported
wages paid to construct or retrofit properties, contributing to $19.9 billion to U.S. gross domestic product (GDP)
borrower investment commitment for energy and water efficiency measures on 3,696 properties through the Multifamily Green Rewards program*
economic output per dollar invested
All numbers are based on one-year estimated impacts and reflect both Single-Family and Multifamily issuances unless otherwise noted.
* Includes estimated impacts only from Fannie Mae Multifamily Green Bonds.
** Includes estimated impacts only from Fannie Mae Single-Family Green Bonds.
Our Green Bond Business supports the Single-Family and Multifamily housing markets by purchasing mortgages backed by properties that meet our criteria for energy and water efficiency and/or renewable energy generation.
Through our Delegated Underwriting and Servicing (DUS®) model, a Multifamily DUS MBS is generally backed by one Green loan on one property.
A resecuritized pool of Green MBS is structured as a Real Estate Mortgage Investment Conduit (REMIC), providing greater collateral diversity to investors.
Includes mortgage loans backed by newly constructed single-family residential homes with ENERGY STAR® certifications that meet or exceed the national program requirements for ENERGY STAR 3.0 Certified Homes, which are, on average, 20% more efficient than single-family homes built to code.
Rigorous standards, transparency, and accountability to investors are the foundations of Fannie Mae’s Green Bond Business — and are critical to our goal of advancing an active and growing global green bond market. That is why we are committed to providing comprehensive, best-in-class disclosures about our securitization process and the estimated environmental, social, and financial impacts of our Green Bonds.
Our objective is to supply investors with the information and data they need to evaluate and have full confidence in the quality, rigor, and impact of Fannie Mae’s Green Bonds.
Case study – Pax Futura
Pax Futura is Seattle, Washington’s first certified Passive House apartment project – and a real-world demonstration that ultra-high-performance green building can be done at scale. The project is the first Fannie Mae green mortgage loan secured by a property with a green building certification in our Towards Zero Group.