helping To build healthier more vibrant communities
Access to affordable housing is a critical component of community health, well-being and prosperity. Since 1946, governments have funded and built over 650,000 affordable housing units across Canada, yet there remains a persistent, overwhelming demand for affordable housing. Across Canada, it is estimated that there are approximately 280,000 households on waiting lists for affordable housing, with two thirds having been on a waiting list for over two years.
HPC Housing Investment Corporation (HI-C) is helping to address this need by delivering long-term, fixed financing to housing nonprofits and cooperatives to build more affordable housing and regenerate their portfolios. We do this by aggregating the borrowing needs of Canadian providers and fund those needs through a single, highly creditworthy entity.
HI-C Social Bond offering
Investing in Canadian affordable housing projects through HI-C allows investors to combine strong returns with positive social impact. You will be helping Canadian housing providers become more financially self-sufficient as they work to build healthier, more vibrant communities across the country.
HI-C’s lending program adheres to our Social Financing Framework, which complies with the Social Bond Principles (SBP) developed by the International Capital Markets Association in June 2020. This Framework is based on the four core components of the SBP:
Use of Proceeds
Process for Evaluation and Selection
Management of Proceeds
Allocation and Impact Reporting
your investment is safe with us
HI-C investments are also supported by the Canada Mortgage and Housing Corporation’s (CMHC) Affordable Housing Innovation Fund through a Credit Enhancement Facility. Our clients must meet lending criteria modeled after BC Housing’s underwriting standards and CMHC Innovation Fund Criteria in order to be eligible for loans. To learn more, download our Social Financing Framework below, or contact us.