1:30 PM - 3:00 PM ET
Affordable housing represents an infrastructure investment like any other real estate opportunity, with one demonstrable difference: social impact. With the potential for scale, proven debt investment and stable returns, affordable housing has become a key sector of the social finance marketplace – an investment approach based on mobilizing private capital that seeks to deliver a social impact while producing a financial return.
Broadly defined, social finance has been evolving in Canada over the past decade, and has revealed financing opportunities in support of the development of new affordable housing projects. We will hear from two Ontario housing providers - Centretown Citizens Ottawa Corporation and St. Clares Multifaith Housing - who will discuss their experience in employing a blend of financing strategies to leverage equity for their recent builds.
Jon Harstone is the Executive Director of St. Clares Multifaith Housing Society and a consultant with Ganesh Community Development Co-op, a non-profit consulting firm that assists non-profit housing organizations to develop affordable housing. For more than thirty-five years Jon has been assisting in the development of affordable and supportive housing, and has been directly involved in over 45 affordable housing projects.
Ray Sullivan is the Executive Director of Centretown Citizens Ottawa Corporation (CCOC), a mixed-income private non-profit with 1595 units in downtown Ottawa. Ray has worked in the sector since 1999, but his proudest achievement was in helping to create 254 new homes at CCOC’s recent Beaver Barracks development –there were times when he wasn’t sure it would happen at all.
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Webinars are free for CHRA members.
For non-members, the cost is $40 + tax.