Community efficiency financing - FCM

Program details (all information is from the FCM website):

"This call for applications will fund municipal programs that finance energy efficiency retrofits and renewable energy in residents’ homes (existing low-rise residential housing). This funding is to capitalize new and existing innovative efficiency financing programs.

To be eligible for this call for proposals, your initiative must:

• Provide financing and related services that help homeowners retrofit their homes for energy efficiency or install renewable energy

• Meet all of the prerequisites listed below

We are looking for programs with multiple benefits, including:

• Address barriers homeowners face when undertaking energy retrofits

• Provide proof-of-concept/replicable models that other municipalities can use to deliver energy financing initiatives

• Engage a range of stakeholders

• Demonstrate strong environmental, financial and social benefits, either directly to your community or through replication in other municipalities

Successful recipients of this funding will have the opportunity to exchange with peers on best practices and lessons learned and will receive financial support to participate in targeted capacity building activities designed to build your teams’ skills and improve your programs’ success.

Who Can Apply?

1. All Canadian municipal governments 2. Their project partners, which includes:

• Private sector entities

• Indigenous communities 

• Municipally-owned corporations

• A regional, provincial or territorial organization delivering municipal services

• Non-governmental organizations

• Not-for-profit organizations

• Research institutes (e.g., universities)

Amount

• Up to $10 million in loans and partial loan guarantees

• Grants worth up to 50% of the loan amount

• The maximum GMF contribution to any eligible program is up to 80% of eligible costs."

To learn more and to apply, visit their program page here!

Source: FCM Website, 2020