6.6.2 Newly Built Properties with No Prior Certification

A. Recently built properties without a HUD recognized green building certification will not qualify for green MIP. Owners and Developers contemplating a possible future FHA-insured mortgage refinancing with a green MIP rate for a prospective new development should select and implement a HUD recognized green building certification appropriate for new construction before beginning the prospective development.

However, to allow Lenders and Borrowers time to plan projects, the ENERGY STAR® for Existing Buildings Certification will qualify for green MIP for Section 223(f) applications filed within two years after publication of this MAP Guide provided the application is consistent with the general provisions of Section 6.4 as well as the following additional conditions:

1. The Certificate of Occupancy must be issued within three years of the date of mortgage application.

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Chapter 6 Energy and Water Conservation 6.6 Green MIP Requirements for Section 223(f) Applications

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2. Properties that have achieved at least 12 months of occupancy meeting the minimum occupancy for the ENERGY STAR® for Existing Buildings Certification must deliver the Certification with the application for firm commitment.

3. If a property lacks the 12 consecutive months of minimum occupancy, a Statement of Energy Design Intent (SEDI) based on the as-built drawings and specifications of the property and signed by the Project Architect may qualify provided that the owner commits to deliver the ENERGY STAR® for Existing Building Certification within three months after the 12 consecutive months at or above the minimum occupancy is achieved. Repairs or alterations are not permitted as a means of achieving a prospective Certification.

4. The minimum ENERGY STAR® Score required for use of the ENERGY STAR® for Existing Building Certification is 90.

5. Baseline data will be recorded by attaching the HUD Custom SEP, or SEDI as applicable, to the Capital Needs Assessment prepared for the property.