Comments on Funding:
Funding is in the form of a conditional contribution or a combination of a conditional contribution and term loan, on a case-by-case basis based on net economic benefit to Northern Ontario, to a maximum of $5 million.
Combined Federal and Provincial government funding may not exceed 50% of eligible project costs.
Funding for each project is determined by the NOHFC Board of Directors, and limited funding is available. Not all projects meeting the criteria will necessarily receive funding.
The applicant may be required to reimburse NOHFC if assets financed by NOHFC are sold after project completion.
Applicants are required to have a pre-application consultation session with NOHFC staff prior to applying. Please contact NOHFC at 1-800-461-8329 to schedule your consultation.
NOHFC will contact the applicant in 2 to 4 weeks!