Proposed application process

The proposed application process for the Better Homes Loan Program is as follows:

Step 1: Homeowner completes the application forms. City approves the application if it meets all the requirements.

Step 2: Homeowner gets an EnerGuide energy audit which identifies measures required. Homeowners selects a contractor(s) to complete the work. City provides 30 per cent of funds upfront to cover deposits.

Step 3: Work is completed. A post work EnerGuide energy audit is carried out. City provides the balance of the loan.

Step 4: Homeowner deems work is complete and pays contractor(s).

Step 5: Homeowner repays the loan over time via their property tax bill.

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