Maryland is receiving $113.5 million toward a Customer Investment Fund as a condition of the Constellation/Exelon merger, and you’ll have an opportunity to make sure it goes to weatherization, small business, and energy efficient affordable housing.
As explained earlier this month on the Maryland Department of Housing and Community Devleopment blog, DHCD is the lead agency in the implementation of five of the nine proposals that the state has submitted to the Public Service Commission for use of the Customer Investment Fund. These proposals include:
- $44 millon to provide weatherization services to about $44,000 households in the BGE service area
- $15 million (over three years) for an energy efficiency loan program targeting small businesses
- $9 million (over three years) to make affordable rental housing more energy efficient
- $5 million (over three years) to allow homebuyers through the Maryland Mortgage Program to borrow money for energy efficiency improvements
DHCD believes that the state’s proposals will affect “almost 27,000 families, more than 12,000 small business and non-profit organizations, tens of thousands of teachers, students and parents, and over 200 Maryland manufacturers.”
The Public Service Commission has the final say over how the $113.5 million will be spent, and will be holding a hearing to discuss the state’s recommendations. The hearing will be held:
Tuesday, August 7th
10am
16th Floor Hearing Room. 6 St. Paul St. Baltimore, MD 21202
Sign up at the beginning of the hearing if you wish to speak. Please attend and show your support for a major set of investments in energy efficient housing!
This post is intended to present an opportunity for citizen engagement and does not necessarily represent the mission of CPHA.
