A new financing program will be coming in 2022 to complement the Hi-RIS Program.
Are you interested in saving money and making improvements at a residential apartment building of three or more storeys?
Are you considering building improvements ranging from lighting upgrades to long-term capital investments such as renovating windows and replacing building insulation?
We have good news! The High-Rise Retrofit Improvement Support Program (Hi-RIS) program makes low-cost financing available to undertake a variety of building improvements.
The City of Toronto Hi-RIS program helps apartment building owners undertake building improvements that reduce energy and water consumption. This program provides financing with up to 20 year terms at competitive fixed rates to residential apartment buildings in Toronto with three-storeys or more.
Term | Fixed Interest Rate |
---|---|
5 years | 2.05% |
10 years | 3.54% |
15 years | 4.74% |
20 years | 5.26% |
The Hi-RIS financing program has been extended till December 31, 2021. Act fast and apply today to secure financing for your retrofit project!