Fannie Mae offers incentives to borrowers who provide health and wellbeing services to tenants

Recently, Fannie Mae introduced a new product enhancement meant to encourage multifamily borrowers to provide resident services that improve the health and well-being of tenants in affordable housing.

Enhanced Resident Services Overview:

  • Provides a lower  rate allowing the Borrower to budget for health and wellness programs, day care, food access, youth and education programming, and job training services.
  • By participating in the Healthy Housing Rewards program, borrowers will save between $15,000 and $75,000 per year.
  • To qualify, at least 60% of the units must serve residents earning 60% or less of the area median income.