Fannie Mae has recently announced its Healthy Housing Rewards Initiative. The program is meant to provide incentives to builders of multifamily rental housing that incorporate healthy design features. This will apply to new construction as well as rehabilitated affordable multifamily rental properties. The target market is properties where at least 60 percent of the tenants have incomes of 60 percent or less of the average median income.
The incentive to developers is that Fannie Mae will provide below market rate financing for properties that meet the standards. Developers will get a price break if they include design features that “improve air quality, encourage physical activity and incorporate common space, community gardens and playgrounds into newly constructed or rehabilitated affordable rental properties.”
It is nice to see the affordable housing crisis being addressed in different areas and this certainly is a step to also help make affordable housing more attractive and healthier, which benefits the community as a whole.
Source: https://centerforactivedesign.org/healthy-housing-index
LOW
1949 N.E., Monterey Ave, Bend, OR 97701
3 beds, 2 baths, 1,120 square feet, .16 acre lot
Built in 1985
$267,900
Listed by Fred Real Estate Group
MID
3185 N.E. Manchester Ave., Bend, OR 97701
3 beds, 2.5 baths, 1,816 square feet, .23 acre lot
Built in 1994
$380,000
Listed by The Broker Network of Central Oregon
HIGH
1687 N.W. Farewell Drive, Bend, OR 97703
4 beds, 2.5 baths, 3,371 square feet, .71 acre lot
Built in 1997
$949,000
Listed by John L Scott Central Or Bend
Photos and listing info from Central Oregon Multiple Listing Service
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This article appears in May 31 – Jun 7, 2017.
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