An Act financing the transition to fossil fuel-free buildings

This bill creates a loan program to help homeowners and small businesses in Massachusetts replace fossil fuel heating systems with clean energy alternatives. The Department of Housing and Community Development will manage the program, ensuring that at least half of the funds go to agencies serving low-income communities. Eligible borrowers receive loans with interest rates ranging from zero to three percent, depending on their income status and whether they rent to low-income tenants. To qualify, applicants must submit a plan detailing how they will promote the program and ensure they take advantage of other available efficiency incentives.