Be SMART Multi-Family Efficiency Loan Program (Maryland)

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Last modified on February 12, 2015.

Financial Incentive Program

Place Maryland

Name Be SMART Multi-Family Efficiency Loan Program (Maryland)
Incentive Type State Loan Program
Applicable Sector Multi-Family Residential
Eligible Technologies Boilers, Building Insulation, Caulking/Weather-stripping, Central Air conditioners, Chillers, Comprehensive Measures/Whole Building, Custom/Others pending approval, Duct/Air sealing, Equipment Insulation, Furnaces, Heat pumps, Lighting, Programmable Thermostats, Water Heaters, Windows, Specific Renewable Energy Technologies Not Identified
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount Varies

Funding Source American Recovery and Reinvestment Act (ARRA); State Energy Program

Maximum Incentive Not specified

Program Budget $20 million (collective funding for residential, multi-family residential, and commercial)

Terms Loan terms generally from 5 - 15 years limited to the economic life of improvements; interest rates vary based on overall cost to the DHCD
Program Administrator Maryland Department of Housing and Community Development

Last DSIRE Review 2012-07-10
Last Substantive Modification
to Summary by DSIRE

References Database of State Incentives for Renewables and Efficiency (DSIRE)[1]


Note: The eligible technologies listed above are only examples of some improvements that might be supported under this program as detailed on the program web site. Other improvements may be eligible and not all potentially eligible improvements will be appropriate for all participants.

Under the Be SMART Multi-Family Program, the Maryland Department of Housing and Community Development (DHCD) offers loans for energy efficiency improvements in existing multi-family rental properties. The intent of the program is to improve the energy efficiency of the existing rental housing stock in 15 targeted communities (see list below); create and preserve affordable rental housing opportunities; and increase the availability of capital to finance energy efficiency improvements by leveraging other public and private capital.

Program funds will be used to provide direct loans for the purchase and installation of energy efficiency equipment, and to establish loan loss reserve funds to induce private sector lenders to establish loans for the same purpose. Efficiency improvements undertaken must be based on the results of an energy audit performed by a program-approved contractor, but may include measures such as lighting system upgrades, Energy Star rated HVAC system improvements, building envelope improvements, hot water retrofits and replacements, efficient appliances, water conservation equipment, and renewable energy equipment. Loan terms and interest rates are determined on a project specific basis. Borrowers must agree to maintain a specific percentage of rental units as affordable housing for families whose income does not exceed 100% of the median area income. Preference will be given to projects that reserve the greatest number of units for the longest term.

Below is the list of communities targeted under the program. Loan priority is given to buildings located within the city or town limits of a given jurisdiction, and the counties within which these communities are located.
  • Berlin (Worcester County)
  • Cambridge (Dorchester County)
  • Chestertown (Kent County)
  • Cumberland (Allegany County)
  • Denton (Carolina County)
  • Dundalk (Baltimore County)
  • Easton (Talbot County)
  • Elkton (Cecil County)
  • Frostburg (Allegany County)
  • Havre de Grace (Harford County)
  • Oakland (Garret County)
  • Princess Anne (Somerset County)
  • Salisbury (Wicomico County)
  • Takoma Park (Montgomery County)
  • Westminster (Carroll County)

Separate energy efficiency loan programs exist under the Be SMART initiative for energy efficiency in single-family homes and business properties. Please see the program web site for additional details on loan structuring, determined of loan terms, and application information.

This program is part of the U.S. Department of Energy's (DOE) BetterBuildings Program. The DOE has awarded over $500 million in federal funds to more than 40 states, local governments, and organizations to administer local programs targeting a variety of building types. Combined, these local programs are expected to improve the efficiency of more than 170,000 buildings through 2013 and save up to $65 million in energy costs annually.

Incentive Contact

Contact Name Program Administrator - Be SMART Multi-Family Program
Department Maryland Department of Housing and Community Development
Division Community Development Administration
Address 100 Community Place

Place Crownsville, Maryland
Zip/Postal Code 21032
Phone (800) 543-4505
Phone 2 (410) 514-7441


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"