Home Energy Retrofit Financing Program Expansion
Motion
That Council direct Staff to: 1. Apply for the Federation of Canadian Municipalities (FCM) Community Efficiency Financing (CEF) Capital Program to support a third-party financing option as part of the City’s Home Energy Retrofit Financing Program and if successful, partner with a select financial institution to offer this option to Nanaimo homeowners. 2. Allocate up to $120,000 from the Climate Action Reserve Fund to continue to support the Home Energy Navigator Program for 2026 and 2027.
Sources
Agenda itemCity agenda, whole meeting
Staff reportPage 1
Purpose
To seek Council direction to submit an application for funding to expand the Home Energy Retrofit Financing Program by offering a third-party financing option.
Staff recommendation
That Council direct Staff on Council's preferred option presented for the Home Energy Retrofit Financing Program continuation.
DocumentsStaff report about Environment & Natural Resources