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Liberals promise loans to help homeowners with effects of climate change

Last Updated Sep 25, 2019 at 2:39 pm PDT

FILE - Liberal leader Justin Trudeau speaks at a campaign rally at the Italian Cultural Centre in Vancouver, B.C on Sept. 11, 2019. (Lasia Kretzel NEWS 1130 Photo)
Summary

The Liberals estimate the plan would lead to the retrofitting of as many as 1.5 million homes

Trudeau said if his party is re-elected next month, homeowners and landlords would be eligible for interest free loans

VANCOUVER (NEWS 1130) – Liberal Leader Justin Trudeau is promising to help homeowners deal with the effects of climate change with a flood insurance program, better EI benefits, and support for energy retrofits to homes.

At an announcement in Delta on Wednesday, Trudeau said if he is re-elected next month, homeowners and landlords would be eligible for interest-free loans of up to $40,000 to pay for upgrades to make homes more energy efficient.

“Now, people will be able to replace those leaky windows or that old furnace, not only making their home more comfortable and lowering their monthly bills, but also keeping our environment healthy. It’s a win-win-win,” he said.

When it comes to flooding, Delta is on the front lines. Experts say that community will face continuing challenges because of rising sea levels.

“These are things that we are committed to doing together, and we will work with communities and with families to ensure that we are giving people the support they need faced with the challenges of climate change,” Trudeau said at the announcement.

“We’re beginning with the low-cost national insurance plan and better flood mapping, but we recognize that there are many communities and many families that are facing extremely difficult decisions about whether to rebuild, where to rebuild, whether to relocate.”

The Liberals estimate the plan would lead to the retrofitting of as many as 1.5 million homes.