Item - 2021.IE26.17

Tracking Status

IE26.17 - Extending the Home Energy Loan Program

Decision Type:
ACTION
Status:
Adopted
Wards:
All

City Council Decision

City Council on December 15, 16 and 17, 2021, adopted the following:

 

1. City Council authorize the extension of the Home Energy Loan Program component of the Residential Energy Retrofit Programs from its current expiration date of December 31, 2021 and make the Program permanent, using existing resources in the Local Improvement Charge Energy Works Reserve Fund, Local Improvement Charge repayments as well as funding provided by the Federation of Canadian Municipalities to support project and programming needs.  

 
2. City Council authorize the Chief Financial Officer and Treasurer to establish program interest rates for the Home Energy Loan Program based on the City’s projected indicative cost of borrowing, set on a quarterly basis, for the purposes of recovering the City's cost of borrowing.

 
3. City Council authorize the Director, Environment and Energy to enter into any Property Owner Agreement for the City of Toronto Home Energy Loan Program with consenting property owners for any financing to a maximum of $125,000, inclusive of funding amount, interest and administrative fee, in addition to authority granted previously to the Deputy City Manager, Corporate Services and in a form satisfactory to the City Solicitor.

 
4. City Council authorize the Director, Environment and Energy to review and, where necessary, revise the Home Energy Loan Program from time to time, solely for the purpose of integrating the City's program with industry best practices and new or existing Federal, Provincial and utility company energy, climate change and poverty reduction programs.

Background Information (Committee)

(November 18, 2021) Report from the Interim Director, Environment and Energy on Extending the Home Energy Loan Program
https://www.toronto.ca/legdocs/mmis/2021/ie/bgrd/backgroundfile-173440.pdf

Communications (Committee)

(December 1, 2021) E-mail from Tim Ellis, Board Member, Mimico Residents Association (IE.Supp)
https://www.toronto.ca/legdocs/mmis/2021/ie/comm/communicationfile-141694.pdf

Motions (City Council)

Motion to Adopt Item (Carried)

Vote (Adopt Item) Dec-15-2021 11:11 AM

Result: Carried Majority Required - IE26.17 - Adopt the Item
Total members that voted Yes: 22 Members that voted Yes are Paul Ainslie, Ana Bail„o, Brad Bradford, Shelley Carroll, Gary Crawford, Joe Cressy, John Filion, Michael Ford, Mark Grimes, Stephen Holyday, Cynthia Lai, Nick Mantas, Josh Matlow, Jennifer McKelvie, Denzil Minnan-Wong, Frances Nunziata (Chair), Gord Perks, Anthony Perruzza, Jaye Robinson, Michael Thompson, John Tory, Kristyn Wong-Tam
Total members that voted No: 0 Members that voted No are
Total members that were Absent: 4 Members that were absent are Mike Colle, Paula Fletcher, Mike Layton, James Pasternak

Declared Interests (City Council)

The following member(s) declared an interest:

Councillor Mike Layton - as he has been pre-approved through the program and has yet to sign an agreement.
Written Declaration: https://secure.toronto.ca/council/declared-interest-file.do?id=10437

IE26.17 - Extending the Home Energy Loan Program

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Recommendations

The Infrastructure and Environment Committee recommends that:

 

1. City Council authorize the extension of the Home Energy Loan Program component of the Residential Energy Retrofit Programs from its current expiration date of December 31, 2021 and make the Program permanent, using existing resources in the Local Improvement Charge Energy Works Reserve Fund, Local Improvement Charge repayments as well as funding provided by the Federation of Canadian Municipalities to support project and programming needs.  

 
2. City Council authorize the Chief Financial Officer and Treasurer to establish program interest rates for the Home Energy Loan Program based on the City’s projected indicative cost of borrowing, set on a quarterly basis, for the purposes of recovering the City's cost of borrowing.

 
3. City Council authorize the Director, Environment and Energy to enter into any Property Owner Agreement for the City of Toronto Home Energy Loan Program with consenting property owners for any financing to a maximum of $125,000, inclusive of funding amount, interest and administrative fee, in addition to authority granted previously to the Deputy City Manager, Corporate Services and in a form satisfactory to the City Solicitor.

 
4. City Council authorize the Director, Environment and Energy to review and, where necessary, revise the Home Energy Loan Program from time to time, solely for the purpose of integrating the City's program with industry best practices and new or existing Federal, Provincial and utility company energy, climate change and poverty reduction programs.

Origin

(November 18, 2021) Report from the Interim Director, Environment and Energy

Summary

Through the Home Energy Loan Program, the City offers low-interest loans to help homeowners make their homes more energy efficient and reduce Greenhouse Gas emissions, in support of the City’s TransformTO climate action strategy and net-zero emissions target.

 

Current authorization for the program will expire as of December 31, 2021, the purpose of this report is to extend authorization of the Home Energy Loan Program in its current form and to enable continuation of the program with planned Federation of Canadian Municipalities funded changes subject to finalizing an agreement with Federation of Canadian Municipalities.

 

Extending and enhancing the Home Energy Loan Program program with Federation of Canadian Municipalities funding will help advance the Council-approved Greenhouse Gas reduction efforts established by TransformTO, Toronto's climate action strategy and the net zero ambitions outlined in the Climate Emergency Declaration and most recently the goals of the Net Zero Existing Buildings Strategy adopted by City Council in July 2021.  The Home Energy Loan Program program will also support the City's Net Zero Strategy, being considered by Infrastructure and Environment Committee at its meeting of December 2, 2021.

Background Information

(November 18, 2021) Report from the Interim Director, Environment and Energy on Extending the Home Energy Loan Program
https://www.toronto.ca/legdocs/mmis/2021/ie/bgrd/backgroundfile-173440.pdf

Communications

(December 1, 2021) E-mail from Tim Ellis, Board Member, Mimico Residents Association (IE.Supp)
https://www.toronto.ca/legdocs/mmis/2021/ie/comm/communicationfile-141694.pdf

Motions

Motion to Adopt Item moved by Councillor Jennifer McKelvie (Carried)

Vote (Adopt Item) Dec-02-2021

Result: Carried Majority Required
Total members that voted Yes: 5 Members that voted Yes are Mike Colle, Jennifer McKelvie (Chair), Denzil Minnan-Wong, James Pasternak, Anthony Perruzza
Total members that voted No: 0 Members that voted No are
Total members that were Absent: 1 Members that were absent are Mike Layton

Declared Interests

The following member(s) declared an interest:

Councillor Mike Layton - IE26.17 - Has a pecuniary interest as he has submitted an application to the Home Energy Program, which has been approved, and he intends to enter into a Property Owner Agreement with the City.
Written Declaration: https://secure.toronto.ca/council/declared-interest-file.do?id=10376
Source: Toronto City Clerk at www.toronto.ca/council