WASHINGTON, DC—Fannie Mae has provided closed on its first loan under its Multifamily Green Building Certification Pricing Break program, which it announced earlier this year.

The program recognizes eight certifications including the USGBC’s LEED program. For qualifying properties, Fannie Mae is offering a 10 basis point interest rate reduction, to 3.9% from 4% on loans for multifamily refinance, acquisition or supplemental mortgage loan. When the program was announced, there was immediate interest, Chrissa Pagitsas, the director of Fannie Mae’s Multifamily Green Initiative, told GlobeSt.com at the time. She predicted that it wouldn’t take long for a deal to close.

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