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.
AFFORDABLE HOUSING EQUITY
We partner with strong, existing non-profit and co-operative operators to invest in or acquire multi-family affordable rental housing, focusing on the thirty largest metropolitan markets in Canada. Our extensive experience allows us to structure partnerships that are customized to our partners’ needs, while also creating lasting community benefit.
We provide structured equity to help community partners in three different ways:
- Fill equity gap to complete or acquire a project
- Provide additional equity to expand project
- Invest to allow community partners to take equity out of a stabilized project to fund more future projects
Our
Value-Add
Investment funds exceeding $45 million dedicated completely to non-profit owned affordable rental housing
Extensive experience in the community-owned housing sector, development, alternative investment, and capital markets
Strong network of values-aligned investors and sponsors
Proven success in matching investment capital with community need
Community Partners
Our community partners include community land trusts, non-profits, co-operatives, charities and municipalities.
“New Market Funds has attracted a team of experienced, mission-driven professionals who are a pleasure to work with. They bring discipline, insight and a keen understanding of partnerships to the challenge of developing affordable housing in a very competitive market.”
“New Market Funds was able to tailor a financing solution that allowed us access to a portion of the remaining equity in the project. We are now using this equity to expedite the various below-market rental housing projects we have under development. They provided a highly-effective tool to enable us to further our mission of providing much needed affordable rental housing.”
Portfolio
INVESTMENT
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.
iNVESTMENT
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.
INVESTMENT
Fraserview Housing
Co-operative
Community Land Trust, 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.
INVESTMENT
Fraserview Housing
Co-operative
Community Land Trust, 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.
INVESTMENT
Fraserview Housing
Co-operative
Community Land Trust, 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.
INVESTMENT
Tikva Housing Society
Community Land Trust, 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.
INVESTMENT
West Broadway Commons
University of Winnipeg Community Renewal Corp 2.0, Winnipeg, MB
The West Broadway Commons project in Winnipeg, MB will provide 119 affordable housing units for students with families, refugees, artists and Indigenous community members. The homes are affordable on average at 69% of median income.
INVESTMENT
West Broadway Commons
University of Winnipeg Community Renewal Corp 2.0, Winnipeg, MB
The West Broadway Commons project in Winnipeg, MB will provide 119 affordable housing units for students with families, refugees, artists and Indigenous community members. The homes are affordable on average at 69% of median income.
INVESTMENT
290 Colony
University of Winnipeg Community Renewal Corp 2.0, Winnipeg, MB
The 290 Colony project in Winnipeg, MB will provide 110 new rental units to students with families, refugees, Indigenous community members, single parents, individuals with disabilities and youth in extended care. The homes are affordable on average at 59% of median income.
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