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Impact Investment Funds in Canada

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INVESTMENT DETAILS


ProductTrillium Housing Bonds
Description

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 StructureSecured debt
Asset ClassOther real assets
Product StageGrowth
Product SeriesMultiple
Investment AvailabilityOpen
SIZE, PERFORMANCE AND RISK
Product AUM$1-5M
Expected Performance4-8 percent
Performance to DateAt expectation
IMPACT DETAILS


Impact evidence typeOutcome Data. Can provide outcome data demonstrating positive change for target beneficiaries
UN SDGs
  • SDG 1 – No poverty
  • SDG 10 – Reduced inequalities
  • SDG 11 – Sustainable cities and communities
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


IssuerTrillium Housing
Address7 Labatt Avenue, #209H, Toronto ON M5A 1Z1
Telephone Number416-363-3144
Websitetrilliumhousing.ca
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