Fannie Mae Introduces New Healthy Housing Finance Product

Former Fannie Mae Headquarters. Photo by Wikipedia.

WASHINGTON, DC–Fannie Mae has added a new product to its Healthy Housing Rewards initiative, which it introduced last year. Called Enhanced Resident Services, its goal is to encourage multifamily borrowers to provide services that improve the health and wellbeing of tenants in affordable housing.

Examples would be health and wellness interviews and screens, connecting residents with government health benefits, monitoring of health coverage and providing transportation to off site health services, Bob Simpson, Vice President of Affordable and Green Financing tells GlobeSt.com. Other examples include after-school programs, on site food banks, resident programming that keeps tenants engaged in social interaction, financial literacy classes, job training or GED programs, he says.