Fannie Mae Suspends Green Preservation Plus Product

In their Multifamily Mortgage Business Lender Memo 18-04, Fannie Mae suspended the Green Preservation Plus product effective November 27, 2018.

Green Preservation Plus was a multifamily affordable housing mortgage loan that provided funds to finance mortgage debt for a refinance or acquisition or investments to transform the property into a high performance property by reducing energy and water expense risk.

Fannie Mae cited very limited use as the reason for suspending this product.