NMF Rental Housing Fund invests in purpose-built, stabilized multi-family affordable rental housing in partnership with strong existing non-profit operators. The Fund’s innovative partnership approach unlocks attractive investment opportunities not otherwise available in the conventional market, delivering market competitive financial returns and long-term community benefit.
The Fund’s first four investment commitments total 358 rental units of family, workforce, elderly, and special needs housing, which are affordable on average to households earning 70% of the area median income. The Fund will provide approximately 9% of the $120 million combined value of the developments.
The Fund’s first close was achieved through the investment of leading institutions and families from across Canada. We thank all our investors for their support.
We are listed on GIIN’s Impact Base.
Contact us to learn more.