The Massachusetts Community Climate Bank™ (MCCB™) will accelerate investments to decarbonize the building sector in Massachusetts, with an initial focus on affordable housing. We will promote an equitable transition to clean energy by addressing the needs of low- and moderate-income households and environmental justice communities as the Commonwealth transitions to a net zero future.
What we Finance
The MCCB™ has been initially capitalized with $50 million in dedicated funds from the Commonwealth of Massachusetts. The MCCB™ will attract state, federal, and private funds and introduce new programs and resources to finance:
New Construction of Decarbonized Housing creating high-performing housing from the ground up.
Clean Energy Retrofits to improve the energy performance of existing housing.
Housing-Related Clean Energy Projects that advance the Commonwealth's clean energy goals.
About the Massachusetts Community Climate Bank™
The Massachusetts Community Climate Bank™ (MCCB™) is an ambitious new climate finance initiative announced by Governor Maura Healey in 2023 (pictured).
Located within MassHousing, the Commonwealth's housing finance agency, the MCCB™ will initially focus on supporting decarbonization strategies in the residential sector, specifically in the low- and moderate-income multifamily rental and single-family homeownership markets.
MassHousing will draw on its decades of housing finance and investment expertise and lending capabilities serving these markets to advance the MCCB™ mission.
MassHousing operates at significant scale, having financed over $6.8 billion in residential loans over the last 10 years, and has a history structuring financing solutions for decarbonization and clean energy projects, including complex deep-energy retrofits and passive house standards.
The MCCB™ is positioned to aggregate state, federal, philanthropic and private funds to complement existing programs and introduce new programs and resources. The MCCB™ will offer capital and innovative financing structures to support the integration of energy efficiency, electrification and clean energy technologies into building construction, renovation and preservation projects across the Commonwealth.
As additional funds become available to finance non-housing uses, MassHousing will engage other state deployment partners, including MassDevelopment and the Massachusetts Clean Energy Center, that offer special expertise and capabilities.
MCCB Reports
MCCB Capabilities Document
Learn more about the MCCB's experience, programs and focus areas in our Capabilities Document.
Strategic & Operational Plan
A phased plan to advance the Commonwealth's climate goals and grow the MCCB.
MCCB Roundtable Report
Themes and trends from a discussion of housing, environment and government industry leaders.
