Bill > S853

This bill aims to finance the transition to fossil fuel-free buildings in Massachusetts. It establishes a "Fossil Fuel-Free Building Loan Program" within the Department of Housing and Community Development to provide financing for residential property owners and small businesses to make renovations and upgrades that eliminate the use of fossil fuels. The bill also creates a "Fossil Fuel-Free Housing Betterment Program" that allows municipalities to enter into agreements with residential property owners to finance fossil fuel-free renovations, with the costs repaid through a betterment assessment on the property. The bill sets out specific interest rate and repayment requirements for the different loan programs, and establishes a revolving fund to finance these initiatives.

Housing and Urban Affairs

https://malegislature.gov/Bills/193/S853