Nova Scotia: $380-million loan program to help municipalities with financial losses

Nova Scotia has announced a $380-million loan program to help municipalities with financial losses due to COVID-19.

Developed in collaboration with the Nova Scotia Federation of Municipalities and the Association of Municipal Administrators, the loans will be available through the Nova Scotia Municipal Finance Corporation.

Municipal Affairs Minister Chuck Porter says the program will help municipalities continue to deliver programs and services.

The Municipal Affairs Department will approve requests from municipalities before sending them to the corporation for final approval.