The Station House in Maplewood, N.J., became the first community to qualify for Fannie Mae’s Multifamily Green Building Certification Pricing Break during an April acquisition by Prudential Real Estate Investors (PREI). Fannie Mae instituted the policy in February for multifamily housing communities that have achieved one of nine green building certificates.

The 50-unit community, constructed on the lot of an old police station, earned a U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) certification through efficient water management, green power and the use of recycled materials. The Fannie Mae tax break will save its owners more than $100,000 during the lifetime of the loan.

Other qualifying programs include the U.S. Environmental Protection Agency’s ENERGY STAR® for multifamily certification and Home Innovation’s National Green Building Standard.

“Prudential Real Estate Investors is committed to sustainable real estate investing and management, and practicing good global citizenship in the communities it serves,” Len Kaplan, Managing Director at PREI says. “We are therefore pleased to be able to take  advantage of Fannie Mae’s Green Building Certification Pricing Break for the benefit of our client.”