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You are here: Home » Resources » Articles » Five Changes to Radon Requirements for Fannie & Freddie MF Loans

June 5, 2023

Five Changes to Radon Requirements for Fannie & Freddie MF Loans

By Drew McCreery and Shavaun Cotter

Getting Familiar With FHFA’s Updated Radon Sampling Requirements

Agency lenders are preparing to implement the new radon testing standards for Fannie Mae and Freddie Mac multifamily loans. The updated policy applies to loan applications received on or after June 30, 2023. In this Globe St. article, Shavaun Cotter and Drew McCreery discuss the Federal Housing Finance Agency’s (FHFA) January announcement regarding the increased sampling requirements.

Click here to read the article. 

About the Authors

Drew McCreery

Drew McCreery

Managing Director, Multifamily
Drew H. McCreery serves as Managing Director, Multifamily as well as serving in a technical capacity as Technical Director of Agency Services at Partner Engineering and Science, Inc. As managing director, and with more than 20 years of commercial real estate experience, he is responsible for understanding and communicating the nuances of agency reporting requirements as well as the unique needs of multifamily assessments. Mr. McCreery’s multifamily role incorporates Agency, LIHTC, HUD, and multifamily Debt/Equity associated with all scopes (PCA, ESA, ALTA, Construction, Zoning, and IH) under one umbrella in order to provide a more holistic approach with refined tools and resources to help us cater to our clients and deliver the highest and most consistent quality. Thus allowing for increased communication and thought leadership to the various entities and institutions including Fannie Mae, Freddie Mac, The Department of Housing and Urban Development, State Housing Authorities, and various multifamily national organizations to assist in policy and maintain Partner as an industry leader through collaboration and partnership.
Shavaun Cotter

Shavaun Cotter

Technical Director
Shavaun Cotter serves as a Technical Director for Partner Engineering and Science, managing environmental due diligence projects such as Phase I Environmental Site Assessments, Transaction Screen Assessments, Desktop Reviews, and Property Condition Reports in accordance with ASTM E1527 standards and EPA’s All Appropriate Inquiry (AAI) requirements as well as customized client formats. Her expertise includes radon measurement in multifamily and healthcare buildings. Since becoming certified she has been dedicated to raising radon awareness through continuing education, mentoring colleagues, and contributing resources to refine radon practices. Ms. Cotter is familiar with state specific radon regulations and requirements established to oversee radon activities including minimum qualifications, required protocols, and reporting.

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