Fannie Mae Healthy Housing Rewards Enhanced Resident Services and Healthy Design Programs

Fannie Mae Insured Loans for Affordable Housing Developments with Healthy Design Features  

If you're an multifamily investor building, renovating, or acquiring one or more affordable housing properties, the Fannie Mae Healthy Housing Rewards program could be a fantastic way to save money and ensure a greater quality of life for your building's residents. The two major parts of the program are Enhanced Resident Services and Healthy Design, each which has slightly different requirements and provides slightly different incentives to borrowers. 

Enhanced Resident Services provides benefits for property owners who provide health and wellness services and/or work and financial capability support to their tenants. In comparison, the Healthy Design program provides benefits to property owners who incorporate healthy features into their properties, such as fitness centers, green areas, playgrounds, or tobacco-free spaces. Both of these Healthy Housing Rewards programs confer a variety of benefits upon borrowers, including reduced interest rates, greater flexibility in underwriting, and a variety of fixed and variable-interest rate options. Just like most other Fannie Mae multifamily loans, Healthy Housing Rewards loans are assumable with lender approval. 

Sample Fannie Mae Terms For DUS Healthy Housing Rewards Loans

Size:  Varies 

Terms:  5-30 year fixed and variable-rate loan terms available

Amortization:  Up to 35 years

Maximum LTVVaries

Minimum DSCR Varies

Recourse:  Most loans are non-recourse with standard “bad boy” carve-outs for fraud and other bad acts 

Prepayment Options:  Yield maintenance or declining prepayment premiums

Eligible Borrowers: 

  • 60% of the a project's units must be affordable for tenants earning 60% or less of the the AMI (area median income)

  • Must get either Healthy Design or Enhanced Resident Services certification from an approved provider (properties can only use one benefit, one time, and cannot combine benefits)


  • 0.15% interest rate reduction for certified Healthy Design projects, up to 0.30% interest rate reduction for certified Enhanced Resident Services projects

  • No set minimum or maximum loan amount

  • Competitive interest rates

  • Loans are non-recourse

  • 30- 180 day rate locks available after commitment (streamlined rate locks also available)

  • All certifications include 100% reimbursement by Fannie Mae


  • Requires third-party reports including a property appraisal, property condition assessment, and a Phase I Environmental Assessment

  • For Enhanced Resident Services Certification, a sponsor must be re-certified every 5 years, and the property must be certified every year