Since 2008, Infrastructure Ontario (IO) has partnered with housing providers across Ontario to help provide access to affordable financing for capital investments.
With a convenient online application, no additional fees and flexible terms, our loans provide affordable access to the capital markets for those who are otherwise unable.
IO’s knowledgeable staff is here to work with you to develop the best financing solution to help you achieve your goals.
Eligibility
Housing Providers in Ontario that meet the following criteria may apply for an IO loan for capital expenditures:
- Corporations incorporated as local housing corporations pursuant to Part III of the Social Housing Reform Act, 2000, non-profit housing providers and co-operative housing providers that provide or will provide housing under a federally, provincially or municipally funded housing program in Ontario are specified as public bodies for the purposes of paragraph 1 of section 3 of the Act. O. Reg. 220/08, s. 8 (1).
Housing co-operatives funded under federal government programs are not eligible for IO financing. For more information on eligibility requirements, please see the program guidelines.
Eligible Projects
IO loans can be used for any capital costs, including:
- Construction or renovation of facilities
- Energy efficiency projects (windows, doors, lighting, appliances etc.)
- Water, hydro, HVAC and communications systems
- Accessibility improvements
Rates and Terms
IO’s lending rates provide equitable access to affordable financing for all clients. Lending rates are based on the credit strength of each sector. To view today’s lending rates, click here.
Clients may select repayment terms of 5 to 25 years subject to the following guidelines:
- Term of the loan (repayment period) cannot exceed the life of the asset or capital project,
- The term of the loan should not exceed the term of the Federal Operating Agreement, or the term stipulated in the Social Housing Reform Act, 2000.
How to Apply
Register for a username and password by contacting Infrastructure Ontario at 1-800-230-0937.
The following documents will need to be provided to Infrastructure Ontario to obtain a username and password:
- Social Housing applicants must submit a pre-registration form that evaluates the debt service capability of the provider prior to receiving their user id and password. To access the pre-registration form, please click here.
- Articles of Incorporation/Letters Patent showing that the corporation is incorporated as a local housing corporation pursuant to Part III of the Social Housing Reform Act, 2000 or a Non-Profit Housing Provider and/or Co-operative Housing Providers that provides or will provide housing under a federally, provincially or municipally funded housing program in Ontario
- If applicable, documentation from the Service Manager that they support the project and the required Ministerial consent has been given by MMAH
A user name and password will be e-mailed after Infrastructure Ontario has verified the registration information.