NEW MARKET FUNDS
AFFORDABLE RENTAL HOUSING FUND

ABOUT

We invest in purpose-built, stabilized multi-family affordable rental housing in partnership with strong, existing non-profit and co-operative operators. We draw on extensive development, operating and financing experience to structure investment opportunities that are customized to our investors’ needs, while also creating long-term community benefit. Our investments offer risk-adjusted, market-rate returns.

“Investors in the Meritas SRI Funds want competitive financial returns along with a positive social and environmental impact. Our investment in New Market Funds meets our Impact Investing criteria — it offers competitive risk-adjusted financial returns, along with a positive long-term impact on people and communities.”

Fred Pinto, CEO, Ocean Rock Investments Inc.

SELECTED INVESTORS

Our investors include community foundations, private foundations, other institutions, family offices and accredited individuals.

  • Alberta Real Estate Foundation
  • Alberta Social Enterprise Venture Fund LP
  • Bealight Foundation
  • British Columbia Housing Management Commission
  • Green Shield Canada
  • Hamilton Community Foundation
  • LesLois Shaw Foundation
  • McConnell Foundation
  • Michael Young Family Foundation
  • Mt. Lehman Credit Union
  • Northpine Foundation
  • OceanRock Investments Inc.
  • Ottawa Community Foundation
  • Real Estate Foundation of BC
  • Royal Bank of Canada
  • The Lawson Foundation
  • Tides Canada Foundation
  • Trico Foundation
  • Vancity Community Foundation
  • Vancouver City Savings Credit Union

Current portfolio

INVESTMENT

Madrona Housing

The Madrona Housing project in Victoria, BC consists of 49 affordable housing units for families, couples and individuals. The homes are affordable on average at 59% of median income.

COMMITMENT

The BRice

Sanford Housing Society, Vancouver, BC

The BRice is part of a four-site portfolio with the Vancouver Community Land Trust. This site provides 48 affordable housing units to residents with supportive health needs. The units are affordable on average at 44% of median income.

COMMITMENT

The BRice

Sanford Housing Society, Vancouver, BC

The BRice is part of a four-site portfolio with the Vancouver Community Land Trust. This site provides 48 affordable housing units to residents with supportive health needs. The units are affordable on average at 44% of median income.

COMMITMENT

Fraserview Housing
Co-operative

Vancouver, BC

Part of the four-site portfolio with the Vancouver Community Land Trust, these 90 townhouses and low-rise apartments will provide families with affordable housing on average at 79% of median income.

COMMITMENT

Fraserview Housing
Co-operative

Vancouver, BC

Part of the four-site portfolio with the Vancouver Community Land Trust, these 188 apartments will provide families and seniors with affordable housing on average at 55% of median income.

COMMITMENT

Fraserview Housing
Co-operative

Vancouver, BC

Part of the four-site portfolio with the Vancouver Community Land Trust, these 188 apartments will provide families and seniors with affordable housing on average at 55% of median income.

COMMITMENT

Tikva Housing Society

Vancouver, BC

Part of the four-site portfolio with the Vancouver Community Land Trust, these 32 townhouses will provide families with affordable housing on average at 60% of median income.

Get in touch to learn more