Healthy Housing Rewards: Summary Healthy Housing Index score of 90 - PowerPoint PPT Presentation

Healthy Housing Rewards: Summary • Healthy Housing Index score of 90 or higher out of 140 total points • Financial benefit for owners – 15 bps • 60% or more restricted to 60% AMI

Healthy Housing: Qualify • Email housing@centerforactivedesign.org to for preliminary feedback. • Underwriting: Submit Evidence of Qualification • Location, Neighborhood Scale, Accessibility, Entrance & Ground Floor, Stairwells, Indoor Environment, Shared &Living Spaces • Underwriting: CfAD will confirm Health Housing Index score within 4 weeks. • $6,000 Cost reimbursed by Fannie Mae • Index is Evidence Based

Healthy Housing: Benefits • Financial benefit for owners – 15 bps per annum • Applies to acquisition rehabs, new construction and refinances • Program Features: • Mod Rehab, Green Rewards, Near Stabilization, ROAR. M.tebs, Fixed rate loans, Variable rate loan, Declining prepayments, Early Rate Lock, forwards, immediate, Section 8 or LIHTC.

Healthy Housing: Limitations • 60% or more restricted to 60% AMI and qualifies as “Multifamily Affordable Housing” • “One time” certification • Doesn’t apply to future financing • Properties can’t be “re-certified”