Mandatory use of HUD's CNA eTool became effective 11/1/2017 for FHA multifamily mortgage insurance applications.
TRUST EMG FOR YOUR GREEN PCA / HIGH PERFORMANCE BUILDING ASSESSMENTS (HPB)
EMG is an approved Freddie Mac Multifamily Green Advantage and Fannie Mae Pre-Qualified High Performance Building (HPB) Consultant
EMG has a highly qualified team of energy engineers with a solid track record of transactions under Freddie’s Green Advantage Program and Fannie Mae's Multifamily Green Financing Program. In fact, we’ve been doing energy studies for more than twelve years! If you’re interested in Green Financing for a current or future transaction, we can help.
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.
Do you want your Capital Plan approved? In this blog, we will move your organization one step closer to that goal! Our last blog, Score Big with Your Capital Plan presented steps to create a scoring system to rank your Capital Projects. With a scoring strategy in place, your next step is to set a razor sharp schedule and budget to move forward. Adding these two tactical elements to your capital plan document helps bring it to life and enables your stakeholders to quickly assess whether the plan is practical and will be successful. We've organized our advice into 6 helpful tips.
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
Commercial Real Estate professionals tend to think that if a building is relatively new, then there shouldn’t be many serious issues of concern. In the complex world of building materials though, newer is not always better. Over the years, our industry has witnessed building materials such as fire retardant treated plywood, polybutylene and ABS piping, EIFS and engineered wood siding, oriented strand board, and Chinese drywall added to a growing list of items prone to poor performance and/or failure. The latest and possibly most dangerous addition to the list may be certain Aluminum Composite Materials (ACM) used in exterior cladding applications.
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.
Buildings need continual repair and maintenance. But you can’t play favorites. How do you determine which building(s) in your portfolio receive the time, attention, and dollars that they deserve (and need)?
American with Disabilities Act (ADA) litigation is on the rise. Accessibility lawsuits stemming from the ADA, as well as state and local accessibility laws and statutes, are on the rise nationally. Serial plaintiffs are finding more ways to create a backlog of accessibility lawsuits across the nation. It’s not uncommon for one plaintiff to be responsible for hundreds of "drive-by lawsuits."
But what can you do about avoiding ADA lawsuits?
Two things: be proactive, and know what to watch for.
Below are the 8 areas with the most common barriers that EMG documents during ADA/Accessibility Assessments.