Through Montgomery County Green Bank’s first EV infrastructure bridge loan, Citizens Energy is installing 40 Level 2 electric vehicle chargers across 10 affordable multifamily communities in Montgomery County, serving 4,351 households.

The project will bring networked charger management, on-site bilingual EV education, and coordinated tenant outreach to each property through the Maryland EVSE Equity Program. The chargers are being financed through a single special purpose vehicle controlled by Citizens Energy, allowing multiple sites to be bundled into one coordinated financing structure.

The project is projected to reduce gasoline use by the equivalent of 51,280 gallons annually, avoid 543 metric tons of CO₂ emissions each year, and generate an estimated $96,000 to $144,000 in annual energy cost savings.

MCGB provided the private debt financing needed to support the project and help satisfy the U.S. Department of Energy grant requirement for non-federal capital leverage. MCGB’s $1,040,301 bridge loan helped move the project from grant award to implementation, enabling EV infrastructure deployment across affordable housing communities that might otherwise have faced financing delays.