Since 2008, Infrastructure Ontario (IO) has partnered with Local Services Boards to help provide access to affordable financing for capital investments. Our goal is to assist these organizations in the renewal and development of their infrastructure and to help deliver value to the communities they serve.
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
Local Services Boards in Ontario may apply for an IO Loan for capital expenditures relating to their authorized activities. These may include any combination of the following services as set out in the Northern Services Boards Act:
- Water supply
- Fire protection
- Garbage collection
- Sewage
- Street or area lighting
- Recreation
- Roads
- Public library service
- Emergency telecommunications
For more information on eligibility requirements, please see the program guidelines.
Eligible Projects
IO loans can be used for any capital costs, including:
- Water, wastewater and sewage infrastructure
- Roads and bridges
- Structures and buildings
- Ambulances, fire trucks, snow ploughs, garbage trucks and other rolling stock
- Culture, tourism, administration and recreation infrastructure
- Ferries and docks
- Street/area lighting
- Energy efficiency projects
- Local fire stations
Please note: local services boards are only eligible for financing of capital expenditures that they are responsible for.
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 40 years; but in any event, the repayment period must not exceed the expected life of the capital asset.
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:
- The Order establishing the Local Services Board pursuant to the Northern Services Act issued by the Minister of Northern Development, Mines and Forestry
- Most recent audited financial statement
A user name and password will be e-mailed after Infrastructure Ontario has verified the registration information.