FHA and Fannie Mae Announce Green Refinance Plus to Pay for Energy-Efficient Upgrades in Affordable Apartment Buildings

WASHINGTON, DC – June 1, 2011 – (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced Green Refinance Plus a program between HUD’s Federal Housing Administration (FHA) and Fannie Mae to allow owners of existing affordable rental housing properties to refinance into new mortgages that include funding for energy- and water-saving upgrades, along with other needed property renovations