Toronto Community Housing and Toronto Atmospheric Fund (TAF) signed an agreement in December 2014 to implement energy retrofits in more than 1,200 households across seven Toronto Community Housing buildings.
TAF is providing a total of $4.2 million for the TowerWise Retrofit project through $3 million in financing and $1.2 million in grants and utility incentives. Through an Energy Savings Performance Agreement, both Toronto Community Housing and TAF will share revenues from the energy savings.
Toronto Community Housing residents have welcomed TAF into their units to install cutting-edge environmental monitoring equipment. The data gathered will be used to optimize the retrofit designs to improve indoor air quality and temperature control for residents that will maximize energy and water conservation while improving resident comfort. Construction will begin in January 2016.
- With financing provided by TAF, Toronto Community Housing is able to accelerate high-impact facility upgrades.
- Retrofits are projected to reduce greenhouse gas emissions by 30 per cent and utility costs by 20 per cent.
- Cutting-edge sensor technology is in place to monitor, measure and document improvements in indoor air quality and resident comfort.
- Energy cost savings can be used to support Toronto Community Housing's10-year capital repair plan. Investment in capital repairs and revitalization will lead to a 10-per-cent reduction in utility costs and a nine-per-cent reduction in greenhouse gas emissions over 30 years.
- The results of this project will clearly demonstrate the benefits of similar retrofits for Toronto Community Housing and other large social housing providers.
- Retrofits are taking place in seven multi-unit buildings on Trethewey Drive, Kendleton Drive and Arleta Avenue.
- Retrofits will include facility upgrades like double-glazed windows, low flow faucets and toilets, high-efficiency refrigerators, boilers, motors and lighting.