HUD Launches Utility Benchmarking in an Effort to Increase Energy and Water Efficiency and Save Costs | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: As outlined in President Obama’s Climate Action Plot, HUD today proposed utility benchmarking of water and energy in its portfolio of public and helped, as well as newly-insured, multifamily housing. This new ‘utility benchmarking’ initiative would apply to approximately 2.2 million units across several categories of HUD-helped affordable housing: developments with Project Rental Help Contracts, multifamily properties with mortgages insured by the FHA, and Public Housing Authorities (PHAs) with more than 250 public housing units. Under this initiative, certain providers of HUD-helped or public housing will start collecting and reporting on their water and energy use. Benchmarking will guide these property owners and PHAs to make informed decisions, reduce operating costs and improve building performance over time.)