The McGuinty government is expanding Infrastructure Ontario’s OSIFA Loan Program to provide financing to not-for-profit professional arts training institutions, Local Services Boards and social and affordable housing providers. “It includes potential affordable loans to such diverse groups as those involved in dance, music, media and film as well as organizations providing municipal-level services such as water, street lighting and library services,” said George Smitherman, Deputy Premier and Minister of Energy and Infrastructure.
Applications are currently being accepted for LSB’s and Arts Training Institutes at www.infrastructureontario.ca. Infrastructure Ontario is currently consulting with the housing sector to determine how the program can best address their needs. Housing providers will be able to submit applications shortly, once program details have been finalized.
Infrastructure Ontario’s OSIFA Loan Program is one of the approaches that the government is using to renew Ontario’s public infrastructure. With more than 165 public sector clients, IO has approved over $2 billion in loans, of which more than $1.7 billion has been advanced.