The Toronto Atmospheric Fund (TAF) is a non-profit agency helping the cities of Toronto and Hamilton (GTHA) meet their carbon neutral goals. Through guidance and funding, the agency facilitates GTHA projects related to global climate stabilization, including energy efficient solutions for multi-unit residential buildings (MURB). Here’s everything your condo corporation should know about the free support the TAF offers MURBs. 

How the TAF Supports MURBs

The TAF invests in low-carbon GTHA solutions and projects such as TowerWise Retrofits and TransformTO. They help streamline broad implementation of programs with cost-effective plans that can help accelerate the carbon neutral process. Their initiatives include introducing deep retrofit opportunities to help MURBs gain the following advantages:

• Improved indoor comfort and air quality
• Ability to tackle overdue capital repairs
• Extended building lifespan
• Funding for electric vehicle (EV) charging station installation

Funding for Multi-family Residential EV Stations

Condo corporations face the challenge of meeting the growing demand for electric vehicle stations. New EV projects for condos qualify for funding under the TAF, excluding leased equipment. Your board can pre-qualify for funding to confirm your eligibility when installing between 1 and 20 permanent stations. 

Once you receive your Letter of Conditional Approval from the TAF, you have three weeks to submit a detailed Project Funding Application outlining your plan. The TAF will reimburse you for all eligible expenditures once the project is complete. 

Tip

If you don’t know where to begin, the TAF’s Turnkey Program covers up to $500 per project site for the assessment, plan, vendor selection and estimated costs for your EV project. Your property management company can develop your plan and complete your application to help ensure you qualify. 

Retrofit Accelerator Program

The TAF supplies free expert services to guide MURBs through the deep energy retrofit process. TowerWise case studies show that MURBs can achieve energy savings of up to 20% to 30% by investing in green retrofits. 

TAF can assist with a wide range of retrofit projects including:

• Ground + Air-Source Heat Pumps 
• Solar PV 
• LED Lighting 
• Air Sealing + Weatherization Measures 
• Insulation 
• High Performance Windows 
• Fuel-switching 
• Ventilation 
• Smart Thermostats + Energy Management Systems

Through improved energy efficiency your board can reduce operating costs, while growing market value. You can also develop strategies to future proof your building and improve indoor air quality.

Guidance is designed to facilitate retrofit projects with expert oversight that includes:

• Helping to streamline funding and grant processes 
• Assisting with project management and procurement to reduce costs 
• Pre and post retrofit surveying to help measure results

Tip

Working with a property management company makes the process even easier, with a knowledgeable liaison that helps move your TAF requests forward. 

The TAF helps condo corporations realize profitable energy savings and access funding to minimize costs for projects like EV installation. A property management company can help in the application process and also find additional opportunities for energy retrofit loans. As a result, your condo board can invest in energy saving capital projects as part of a longer-term cost saving strategy. 

The condo experts at CPO Management Inc, a full-service property management company in Toronto and the GTA, can leverage available TAF supports and funding to implement deep retrofit plans and EV strategies for your condo corporation. Reach out to us today to learn more about our condo services.