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Community Efficiency Financing (CEF) – Green Municipal Fund

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Value

Varies.

Description

Through the Community Efficiency Financing (CEF), our new $300 million initiative helps municipalities deliver energy efficient financing programs for low-rise residential properties. Property Assessed Clean Energy (PACE), Local Improvement Charge (LIC) financing and utility on-bill financing are just some examples of financing models used by municipalities delivering residential energy programming.

Eligible Applicants

The following entities are eligible for CEF funding:

  • Canadian municipal governments (e.g. towns, cities, regions, districts, and local boards thereof)’
  • Organizations applying in partnership with a municipal government, such as:
    • private sector entities
    • Indigenous communities
    • municipally owned corporations
    • a regional, provincial or territorial organization delivering municipal services (e.g. a municipal association)
    • non-governmental organizations
    • not-for-profit organizations

Eligible Expenses

  • Study grant:
    • Feasibility, program design and program evaluation studies
    • Grant for up to 80 percent of eligible costs
    • Up to a maximum of $175,000
  • Pilot Grant
    • Grant for up to 50 percent of eligible costs
    • Up to a maximum of $500,000
      Note: Limited funding is available for exceptional proposals that demonstrate clear market transformation potential and are otherwise  ineligible under the capital program stream.
  • Capital program: Loan and Grant — Existing program/ New Program
    • Funding for up to 80 percent of eligible costs
    • Loan up to a maximum of $10 million
    • Grant up to a maximum of 50 percent of the loan amount (not to exceed the total start-up and operating costs)
  • Capital program: Credit Enhancement and Grant — Existing program/ New Program
    • Funding for up to 80 percent of eligible costs
    • Up to a maximum of $2 million in a credit enhancement pledged by GMF to support third-party financing
    • Applicants must demonstrate a minimum leverage ratio of 5:1 (credit enhancement to third-party capital)
    • Grant of up to $5 million (not to exceed total start-up and operating costs and not to exceed 50% of total combined third-party financing and start-up/operating costs)

Deadline Date

Ongoing.

Contact

Contact Name: Federation of Canadian Municipalities

Phone Number: 613-241-5221

E-mail Address: info@fcm.ca

Website: https://fcm.ca/en/programs/green-municipal-fund/community-efficiency-financing

Industry:

Housing, Municipalities

Location:

Alberta, British Colombia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Nunavut, NWT, Ontario, PEI, Quebec, Saskatchewan, USA, Yukon

Tags:

ABmunis

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Contact

1-780-297-6177
davidk@albertabusinessgrants.ca

Alberta Business Grants
Edmonton, Alberta
Canada

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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