Last Updated September 23, 2022
Program Overview
Category:
Financial Incentive
State:
Maryland
Incentive Type:
Loan Program
Administrator:
N/A
Start Date:
N/A
Expiration Date:
N/A
Applicable Sectors:
N/A
Eligible Renewable/Other Technologies:
N/A
Summary
Maryland Department of Housing and Community Development (DHCD) provides programs to increase energy efficiency of multifamily homes of low and moderate income households. MEEHA funds are restricted to affordable multifamily rental properties with income or rent restrictions for a minimum of 20% of units for tenants with income at or below 80% of AMI. Eligible applicants include non-profit organizations, for-profit organizations and governmental entities.
Only individually and mixed metered projects located in the service territories of BGE, Delmarva, Potomac Edison, PEPCO, Washington Gas Light, and SEMCO are eligible for funding.
MEEHA energy funds are used for the purchase and installation of energy efficiency measures. Funds are issued to affordable housing owners or developers through a grant or loan (typically 0% interest and deferred payments for the term of the loan).
The amount of MEEHA funding is determined in one of two ways: an energy audit conducted by a Qualified Energy Auditor or through the use of a Prescriptive List. In projects that complete an energy audit, funded measures are required to collectively meet a 1.1 Savings to Investment Ratio (SIR) and typical funding amounts range between $2,500 and $3,000 per unit depending on the type and age of the building. Funding for measures included in the prescriptive list is predetermined and cannot exceed $3,000 per unit. In each type of project, the funding may not cover the entire cost of the measure resulting in a cost share with the project Owner or Developer.