Ontario is investing in social housing across the province. The province will be providing $25 million over the next three years to improve energy efficiency upgrades in social housing apartment buildings with less than 100 units.
The province says that the GreenON Social Housing program will provide funding for a variety of improvements, including: energy-efficient heating and cooling systems, windows, lighting and insulation.
“Renovating older social housing buildings not only helps fight climate change, it improves living conditions for low-income and vulnerable tenants. Increasing energy efficiency also means we can reinvest savings from lower utility bills back into further improvements,” said Chris Ballard, Minister of the Environment and Climate Change.
A 2012 Deutsche Bank Study found that every $1 million invested in energy efficiency-related retrofits in multi-family affordable housing buildings generated between $1.3 million and $3.9 million in energy savings.
The funding will be provided through the Green Ontario Fund, a non-profit provincial agency funded by proceeds from Ontario’s cap on the pollution and carbon market. Service managers will have to apply to receive the funding.
The Kenora District Services Board has a variety of social housing units across the district that may be eligible for the funding. The services board is also hoping to establish an additional 150 supportive housing units this year, with 60 to 80 of those units being brand new builds.
For more information:
More housing coming, Wall
KDSB Housing profiles
2012 Deutsche Bank Study
GreenON Social Housing