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Council approves $30 million in additional borrowing to expand green retrofit loan programs

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Summary
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67% Informative

Clean Energy Improvement Program (CEIP) will continue for an additional two years .

Council voted 11 -2 on the first recommendation, with Couns . Sean Chu and Dan McLean voting in opposition, and 9-4 on the second .

Council approved $10 million in additional borrowing authority to create an equivalent loan program for commercial properties.

The CEIP launched in 2023 as a financing tool that homeowners could use to help pay for energy-efficient renovation projects.

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80

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80

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semi-formal

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English

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51

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short-lived

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