Integrating Efficiency: A step-by-step framework for integrating efficiency measures into the mortgage lending process
The Sustainability in Affordable Housing Lender Learning Network, a community of CDFIs and other affordable multifamily housing lenders, hosts webinars that provide insights into making water and energy efficiency investments in affordable multifamily housing properties.
Building on the first session on understanding the positive impacts of energy and water efficiency lending and the second on what building efficiency can look like at three different levels of capital investment, this third webinar based on Community Preservation Corporation’s Underwriting Efficiency Lender Handbook offered a step-by-step guide for integrating efficiency measures into any institutional mortgage financing process, from origination to construction and performance monitoring. This session covered how to build cross departmental support and update underwriting and loan servicing policies. The presenters reviewed how different lenders work across their organization to support financing for energy efficient multifamily buildings. The webinar featured Elizabeth Kelly, Manager of Sustainability Programs at Community Preservation Corporation, Stacie Young, Director of the Preservation Compact at Community Investment Corporation, and Kim Stevenson, Director of Multifamily Housing at Connecticut Green Bank.
November 29, 2017
The Sustainability in Affordable Housing Lender Learning Network aims to help more CDFIs play a larger role in financing clean energy in affordable multifamily homes nationwide. CDFIs involved include Enterprise Community Partners, Community Preservation Corporation, Community Investment Corporation, National Housing Trust, and LISC. They have partnered with the Energy Efficiency for All initiative, which includes Natural Resources Defense Council and Elevate Energy.