An Act establishing the Gateway cities Renewable, Efficient, and Electrified Neighborhoods initiative

This bill establishes the Gateway Cities Renewable, Efficient, and Electrified Neighborhoods Initiative, known as the GREEN Initiative, to help upgrade low- and moderate-income housing in specific gateway municipalities. The program aims to retrofit these homes to be highly energy efficient by installing clean heating and cooking technologies, such as electric heat pumps and induction stoves, and connecting them to renewable electricity sources where possible. Funding for the initiative will come from annual contributions by electric and gas utility companies, capped at $30 million per year, with additional money potentially coming from grants and donations. The bill also defines key terms like "passive house standards" and includes protections against rent increases for tenants following energy efficiency upgrades.