Applications for loans to build water infrastructure for new builds open Monday

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Applications for loans to build water infrastructure for new builds open Monday
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The provincial government is making it easier for municipalities to build water infrastructure projects. They're investing up to $1-million in loans so commu

The provincial government is making it easier for municipalities to build water infrastructure projects.

They’re investing up to $1-million in loans so communities have more financing options to build the infrastructure to support the construction of more homes. The new Housing-Enabling Water Infrastructure lending stream, which is under Infrastructure Ontario’s Loan Program, will support the construction, expansion and rehabilitation of drinking water, wastewater and stormwater projects that enable new builds.

The new lending stream compliments other existing provincial programs. It will provide municipalities, including small, rural and northern areas, with more flexible loan options during both construction and the repayment phase.

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