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.
|Product||Trillium Housing Bonds|
Trillium Housing Bonds permit investors to lend funds to Trillium Housing Non Profit for investment in their affordable ownership housing developments. The Bonds have a specific, set interest rate and term. Capital and accumulated interest are paid at maturity, usually 3 to 5 years depending on the project. After repayment of investors, any further development surplus is used to finance Trillium Mortgages for income eligible purchasers. Since the Trillium Mortgage is payment free until discharge, it permits families with lower incomes to purchase homes in the development. As an example, at Trillium Housing project THE LOOP in Toronto the average Trillium Mortgage commitment is $96,000. This would save a family approximately $480 per MONTH at current conventional first mortgage rates. This is a major housing affordability impact.
|Legal Structure||Secured debt|
|Asset Class||Other real assets|
|SIZE, PERFORMANCE AND RISK|
|Expected Performance||4-8 percent|
|Performance to Date||At expectation|
|Impact evidence type||Outcome Data. Can provide outcome data demonstrating positive change for target beneficiaries|
|Iris Target Groups|
|Regions Invested In|
|Address||7 Labatt Avenue, #209H, Toronto ON M5A 1Z1|
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