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$550 Milion - Green Municipal Fund

The Government of Canada endowed the Federation of Canadian Municipalities (FCM) with $550 million to establish the Green Municipal Fund™ (GMF). The Fund is a long-term, sustainable source of grants and below-market loans for municipal governments and their partners.
GMF grants and below-market loans directly support municipal initiatives, while GMF education and training services help municipal governments share expertise and strengthen their ability to set and surpass their sustainability goals.

The Fund provides below-market loans and grants, as well as education and training services, to support municipal initiatives that improve air, water and soil quality, and protect the climate. Grants are available for sustainable community plans, feasibility studies and field tests, while combined grants and loans are available for capital projects. Funding is allocated in five sectors of municipal activity: brownfields, energy, transportation, waste and water. To ensure the greatest possible impact, GMF invests in initiatives that will significantly benefit the environment and are also likely to improve local economies and quality of life. GMF shares the lessons and expertise gained through these initiatives and provides training to encourage other communities to replicate their success.

Click Here to read the full Backgrounder. 
Click Here to read the Press Release.

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