Timeline: 2022 onwards
Better Homes Kingston Program is a no-interest property loan program, which residents can repay via their property tax bill over a period of up to 20 years. There is no penalty for paying the loan off early. The loan is tied to each property (not the homeowners) and remains with the home once the homeowners move. The next owners inherit the loan—and benefit from the retrofits it helped realize.
Through the Better Homes Kingston Program, homeowners can access a no-interest loan of up to $40,000 (or 10 percent of the current value assessment of the home, whichever is less), to cover the cost of home energy improvements.
Action: Retrofit of dwellings