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Ontario Housing Co-ops: How to Cut Your Energy Costs for a Better Bottom Line
If your co-op does business with Enbridge gas in Ontario, you’ll want to read this.
Enbridge Gas offers a program for Ontario housing co-operatives (customers only) that will mean energy savings.
The Affordable Multi-Family Housing Program provides money towards capital improvements that will cut
Funding Your Co-op Could Qualify For
CMHC’s National Housing Co-Investment Fund hasn’t drawn great interest from Agency clients so far. In fact, it may be the most overlooked funding source in Canada for housing co-ops. We’re hoping to change that.
The fund supports building repair and renewal, as well as new construction, with
Ontario Housing Co-ops: Energy-Efficient Growth
Enbridge Gas offers a program that will mean energy savings for Ontario housing co‑operatives (customers only) that are planning to add new units.
The Savings by Design Program is for new-construction projects, either low-rise or multi-family elevator buildings. The goal of the program is to
Is your co-op taking advantage of funding programs?
From new construction to sustainability upgrades, a housing co-op always has projects on its wish list.
Fortunately, Canada Mortgage and Housing Corporation (CMHC) and other organizations offer funding programs that your co-op can use to turn those wish-list items into reality.
CMHC Seed
Protecting the Environment
This world is the only one we have. Investing in sustainability will save your co-op money and protect future generations too.
Check out ideas from the Agency, Canada Mortgage and Housing Corporation (CMHC), Co-operative Housing Federation of Canada and others that will help reduce your co-op’s
Get Paid
Your co-operative is in the housing business, not the lending business. It has bills to pay and a building to keep up. You should keep this in mind when members don’t pay on time.
If a household doesn’t pay what it owes and moves out, the co-operative is left with a bad debt, which will have to be
Save Water
Sounds simple, but if every member uses less water, you can shrink your co-operative’s water bill, leaving more money for other priorities. Water rates may rise in future; now is the time to take action.
Use Less Energy
Are outdoor lights on sensors or timers? Has your co-op switched to LED lighting in your common spaces? Good investment! Not only will it use 75 to 90 % less electricity than incandescent, but the bulbs will last much longer.
Encourage your members to cut energy use too. They can turn down the
Grants and Loans
Grants and loans come and go, as government priorities change at the federal, provincial and municipal levels. Those that support environmental sustainability in not-for-profit housing are no different. Opportunities can change without notice, so when you discover one, go for it right away.
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Risk Trend
92% of Agency clients have a Strengthening or Stable risk trend. Proof of many good decisions.