On September 16, 2017, the Agency for Health Care Administration in Florida adopted the Nursing Home Emergency Power Plan (59AER17-1) rule due to widespread and life-threatening power outages in Florida caused by Hurricane Irma.
In Part I of EMG’s blog series on multi-family green financing, Kaustubh Chabukswar, addressed questions about why green financing is red hot, greenwashing, and more. In part II, we look at differences between the various green financing programs; dig deeper into Form 4099.H; and discuss what could throw a green financing transaction off-course.
Question: How has Form 4099.H improved the process?
Kaustubh: The new Fannie Mae Form 4099.H enables lenders to do their own reviews. It includes a plumbing calculator that will standardize water / sewer savings and reduce the number of errors. The new guidance related to Form 4099.H also includes updated scoring requirements. When consultants achieve a score of 1 at least 5 times, they can pre-qualify for fast-tracking of report reviews.
Last year, Fannie Mae made $3.6 billion in green loans to multifamily property owners. That growth is nothing short of remarkable, considering its pilot program was tested in 2012 starting with $55 million. EMG was the only consulting firm asked to participate in the pilot, and we have grown right along with the green financing movement. With green reaching a fever pitch in 2017, I sat down to talk with Kaustubh Chabukswar, EMG’s multifamily green financing and energy expert. I wanted to better understand what’s happening in the market and if the shift towards profitable sustainability is here to stay.
Topics: Green Financing, Fannie Mae Green Financing, Freddie Mac GreenUp, High Performance Building Consultant, Form 4099.H, Multifamily Green Financing, Green Financing Questions, Greenwashing, Freddie Mac GreenUp Plus
Because of a misconception that The Joint Commission’s survey only focuses on healthcare and medicine, hospitals often miss the environment of care and life safety standards included in the survey. Here’s a helpful summary of the survey to ensure your facilities director is ready to help you pass all the standards—not just the most widely known. If you’d like more information, you can also download our free The Joint Commission Survey Summary Tip Sheet.