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Impact Investment Funds in Canada

With impact investing, investors intentionally aim to secure a measurable positive impact while also getting a financial return. This website helps people search for impactful funds available to Canadians.

INVESTMENT DETAILS


ProductNew Market Funds Rental Housing Fund I Limited Partnership
Description

The goal of NMF Rental Housing Fund I LP is to bring long-term affordable multi-family rental housing inventory to Canadian cities. There are three main points that distinguish NMF from other Canadian funds that are merely meeting market demand for housing: first, NMF seeks to fill community needs solely by working with community-based housing providers-- non-profits and co-ops; second, NMF seeks to address the affordability gap by insuring that the rental housing it provides is affordable to households earning, on average, 80% or less of the area median income; third, to best preserve long-term affordability NMF will only exit to community-based ownership - not for profits, co-ops or government. The Fund provides post-construction equity as a means to secure construction financing. Structured exits through a sale to the non-profit partner on each investment are negotiated on the front-end, increasing certainty on returns, while mitigating risk., The Fund is expected earn to risk-adjusted market rate returns. Investments in properties are made post-construction and are protected by priority of return and capital. The Fund targets a quarterly cash re-distribution of capital (4% annualized) as well as a lump sum upon exit. The target total investment return is 6% IRR net of fees.

Legal StructureLimited partnership
Asset ClassReal estate
Product SeriesFirst
Investment AvailabilityClosed
SIZE, PERFORMANCE AND RISK
Product AUM$20-50M
Expected Performance4-8 percent
Performance to DateAt expectation
IMPACT DETAILS


Impact evidence typeImpact Data. Can provide data that explicitly informs assessment of additionality and/or cost-effectiveness
UN SDGs
  • SDG 11 – Sustainable cities and communities
Iris Environmental Objectives
  • Energy and fuel efficiency
  • Sustainable land use
Iris Target Groups
  • Children
  • Adolescents
  • Adults
  • Elderly adults
  • People with disabilities
  • Minority populations
  • Women
  • Pregnant women
  • Other at-risk populations
Regions Invested In
  • Canada
ISSUER DETAILS


IssuerNew Market Funds
Address425 Carrall Street, Suite 90, Vancouver BC V6B 6E3
Telephone Number604-674-7441
Websitenewmarketfunds.ca
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