NMF RENTAL HOUSING FUND I

The Madrona Housing project in Victoria, BC consists of 49 affordable housing units for families, couples and individuals. As of 2025, the average unit is affordable to households earning 46% of the area’s median income.

Part of a four-site portfolio developed in partnership with the Vancouver Community Land Trust, these 90 townhomes and low-rise apartments offer affordable housing to families. As of 2025, the average unit is affordable to households earning 57% of the area’s median income.

Part of the four-site portfolio with the Vancouver Community Land Trust, these 32 townhouses provide families with affordable housing. As of 2025, the average unit is affordable to households earning 54% of the area’s median income.

The 290 Colony project in Winnipeg, MB provide 110 new rental units to students with families, refugees, Indigenous community members, single parents, individuals with disabilities and youth in extended care. As of 2025, the average unit is affordable to households earning 60% of the area’s median income.

159 Denoon St. and 334 Temperance St. offer 85 affordable, renovated condo-style units. As of 2025, the average unit is affordable to households earning 47% of the area’s median income.

The acquisition of these properties resulted from a multi-stakeholder collaboration involving Tidal Bay Community Land Co-operative, NMF Rental Housing Fund I, Housing Nova Scotia, CMHC through the MLI Select Program, and federal funding.

Marie Rose Place provides 40 units of stable, long-term affordable housing to newcomer women and their children. Through rent-geared-to income supplements, the average rent in 2025 is $520 and is affordable to households earning 20% of the area’s median income.

The acquisition of this property resulted from a multi-stakeholder collaboration involving the University of Winnipeg Community Renewal Corp 2.0, NMF Rental Housing Fund I, the Manitoba Housing and Renewal Corporation, and federal funding.