Community Investment Funds How-to Guide

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Organization: 
Community Social Planning Council of Greater Victoria
Author: 
Sarah Amyot

Communities are increasingly looking for new sources of capital and ways to unlock existing ones so that they can be put toward community needs, like affordable housing, renewable energy, food system development, job creation and local business development and more. Community-sourced capital projects are an important part of a new movement for social finance that is taking off in Canada and across the world. Social finance is an approach to raising capital and investing that focuses on creating a strong social return to our communities, as well as a financial one.

This guide has been developed based on research and the experience creating a Community Investment Fund on Vancouver Island. This is a new area of work for many communities, organizations and volunteers and the process of starting up your own community sourced financing vehicle is challenging and complex. This guide is meant to help ease the process and provide a starting point for other communities throughout BC and elsewhere that are interested in developing their own community-sourced financing tools.

Download the Community Investment Funds How-to Guide

Contents

WELCOME
INTRODUCTION AND CONTEXT

     Affordable Housing
     Social, Green and Community Enterprise
     Demand for Local Investing Opportunities
     Examples of Financing Innovations for Affordable Housing and Community Real Estate Assets from Across Canada
       • Community Investment Funds in Action: New Dawn Enterprises – Nova Scotia
       • Edmonton Social Enterprise Fund – Alberta
       • Ethical Investment: The Jubliee Fund – Manitoba
       • Innovative Financing: Muttart Foundation and Toronto YMCA – Alberta and Ontario
       • Regional Housing Trust Fund – British Columbia
GETTING STARTED
     Overview of Process
     Assessing Community Need
     Assessing the Opportunities
     Targeting the Right Scale and Managing Scope Creep
     Building Your Team
OUR MODEL: A COMMUNITY INVESTMENT CO-OP
     The Investment
     Identifying the Project(s)
     Creating the Investment Opportunity
     Why a Co-operative?
     What is a Co-operative?
     Co-operatives and Capital
UNDERSTANDING THE REGULATORY ENVIRONMENT
    BC Co-operative Association Act
    Co-op Investment Shares and RRSP Eligibility
    Limits on Shares Held by an Individual or Related Party
    Certifying Your Investment Shares
    Securities Compliance
    Exemptions to the Full Prospectus Requirement
    What Does All of This Mean for Your Project?
    The Offering Memorandum Exemption
    What is an Offering Memorandum?
    Offering Memorandum Limitations
SELLING THE OPPORTUNITY
    The Process
    Key Documents
    Administering the Shares
BUILDING A MOVEMENT FOR COMMUNITY CAPITAL
ONLINE APPENDICES

Source

Year: 
2014
Format: 
Guidebook
Categories: 
Entrepreneurship & Business Development
Finance
Source: 
Weblink
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