Bill > S2286

This bill establishes the Zero Carbon Renovation Fund, which will be administered by the Executive Office of Energy and Environmental Affairs in collaboration with multiple state agencies. The fund aims to support renovations of existing buildings to make them more environmentally sustainable, with a focus on transforming buildings to be highly energy efficient, all-electric, equipped with on-site renewable energy, and constructed with low-carbon materials. Priority will be given to affordable housing, low or moderate income homes, public schools, and buildings in environmental justice communities and gateway cities. The fund can cover not just renovation costs, but also necessary pre-renovation remediation work such as addressing mold, asbestos, electrical system upgrades, accessibility improvements, and structural issues. The bill allocates $300,000,000 to the fund, and any unspent money will remain available in subsequent fiscal years rather than reverting to the General Fund. Eligible buildings include affordable housing, low-income homes, municipal buildings, and small businesses with state supplier diversity certifications, with the ultimate goal of reducing carbon emissions through comprehensive building upgrades.

Transportation and Infrastructure

https://malegislature.gov/Bills/194/S2286