The Community Facilities Program is providing a total of $157,000 to be used toward the new ambulance.
A direct loan of $107,000 dollars will be paid back over six years, and the other $50,000 will be provided in the form of a federal grant.
"Madison being our biggest contributor as far as taxes go, losing the mill was pretty devastating, and this helps keep the tax rate down for sure," AMS Ambulance Director George Demchak said.
The emergency medical services of Anson, Madison and Starks currently have three ambulances.
The new one will replace the oldest of them, which is eleven years old. It is expected to arrive early next year.