Proposed application process
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.