Non-profit organizations can seek bridge financing from the municipality if they need a boost getting to their fundraising goals, but Council is looking at putting a firm policy in place.
The new policy will require organizations to have raised 75% of their projects costs before a short-term loan will be considered.
Groups will also have to provide full financial disclosure, including a business plan and breakdown or project costs.
Repayment of the loan would also last no longer than five years.
Council will vote on the new policy tonight.