The City of Ottawa has been approved for $12,169,500 of funding for the Better Homes Loan Program from the Government of Canada and the Federation of Canadian Municipalities (FCM). The program will support local homeowners to pay for home energy improvements that contribute to meeting the City’s GHG emission reduction targets and create local jobs.
“Improvements in energy efficiency will get us a third of the way to our Paris targets. With today’s announcement, we’re creating opportunities for Canadians to lower emissions and creating good, middle-class jobs. ” said the Honourable Seamus O’Regan Jr., Canada’s Minister of Natural Resources.
In 2020, the City applied for funding for the new program to help homeowners finance home energy retrofits to reduce greenhouse gas emissions. A public launch of the program is expected in the early part of 2021.
For more information about the proposed Better Homes Loan Program or to subscribe to the climate change newsletter and receive notification when the program launches, please visit ottawa.ca/climatechange.
Ottawa’s Better Homes Loan Program was one of only nine national projects to receive funding announced by FCM in partnership with the Government of Canada.