The board of the
Toronto Atmospheric Fund has approved up to $500,000 in funding for
Greensaver, a non-profit that helps homeowners with the expense of installing solar panels.
TAF, a two decade-old arm's length creation of the city originally funded by the $23 million in proceeds from the sale of the
Langstaff Jail farm lands, provides grants to the community and the city to help solve problems associated with air pollution.
This is TAF's second investment in residential solar panels. The first was
Pure Energies last year.
"We're kind of like a mini bank," says executive director Julia Langer, explaining that Greensaver won't get all the money at once, but in the form of smaller loans as needed, depending on the volume of their business.
Langer describes TAF's financial strategy as win-win-win investments "that give us a market rate of return and are aligned with our mandate, decreasing greenhouse impact and showing some lessons to the winder community."
Writer: Bert Archer
Source: Julia Langer
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