NMF RENTAL HOUSING FUND II

NMF Rental Housing Fund II provides capital to preserve and expand permanent affordable rental housing across Canada by financing the development of new community-owned rental housing and enabling the acquisition of existing rental properties for long-term non-profit ownership.

PORTFOLIO

INVESTMENT

520 Rue d’Auvergne and 525 rue du Roussillon, Longueuil, QC

Société locative d’investissement et de développement social (SOLIDES)

520 rue d’Auvergne and 525 rue du Roussillon are two adjacent three-storey buildings in the Montreal neighborhood of Longueuil, with a total of 60 affordable units. As of 2025, the average unit is affordable to households earning 36% of the area’s median income.

The acquisition of 520 rue d’Auvergne and 525 rue du Roussillon is the result of a multi-stakeholder collaboration between SOLIDES, First National Financial LP, NMF Rental Housing Fund II, CMHC MLI Select program, and federal funding.

INVESTMENT

450 33e Avenue, Lachine, QC

Société locative d’investissement et de développement social (SOLIDES)

450 33e Avenue is a four-storey building in the Montreal neighbourhood of Lachine, with 47 affordable units. As of 2025, the average unit is affordable to households earning 48% of the area’s median income.

The acquisition of 450 33e Avenue is the result of a multi-stakeholder collaboration between SOLIDES, First National Financial LP, NMF Rental Housing Fund II, the City of Montreal, CMHC through the MLI Select program, and federal funding.

iNVESTMENT

Drummondville Portfolio, Drummondville QC.

Société locative d’investissement et de développement social (SOLIDES)

The Drummondville Portfolio comprises of 363 residential units and 42 commercial units. As of 2025, the average residential unit is affordable to households earning 37% of the area’s median income.

The acquisition of the Drummondville Portfolio is the result of a multi-stakeholder collaboration between SOLIDES, the Caisse d’économie solidaire Desjardins, NMF Rental Housing Fund II, the Lucie and André Chagnon Foundation, CMHC through the MLI Select program, and federal funding.

INVESTMENT

Domaine la Rousselière, Montréal, QC

Corporation Mainbourg

Domaine la Rousselière is a 720-unit multi-residential complex consisting of eight ninety-unit buildings in the Montreal neighbourhood of Pointe-aux-Trembles. As of 2025, the average unit is affordable to households earning 41% of the area’s median income.

The acquisition of Domaine la Rousselière is the result of a multi-stakeholder collaboration between Corporation Mainbourg, the Caisse d’économie solidaire Desjardins, NMF Rental Housing Fund II, the Lucie and André Chagnon Foundation, the Province of Québec through the Fonds fiscalisés, the City of Montreal, CMHC through the MLI Select program, and federal funding.

INVESTMENT

379 and 388 Hargrave Street, Winnipeg, MB

New Commons Housing Trust Society

The Hargrave Street property features a 72-unit heritage flatiron building. As of 2025, the average unit is affordable to households earning 40% of the area’s median income.

The acquisition of the Hargrave site is the result of a multi-stakeholder collaboration between New Commons Housing Trust Society, First National Financial LP, NMF Rental Housing Fund II, CMHC through the MLI Select program, and federal funding.

INVESTMENT

272-280 Caroline Street South, Hamilton, ON

272 Caroline St S. Co-operative

272-280 Caroline Street South comprises a total of 21 units. As of 2025, the average unit is affordable to households earning 33% of the area’s median income.

The acquisition of the Caroline Street properties resulted from a multi-stakeholder collaboration involving the 272 Caroline St S. Co-op, FirstOntario Credit Union, NMF Rental Housing Fund II, the City of Hamilton, CMHC through the MLI Select program, and federal funding.

INVESTMENT

182 Jameson Avenue, Toronto, ON

New Commons Housing Trust Society
182 Jameson Avenue is an 82-unit apartment building in the Parkdale neighbourhood of Toronto. As of 2025, the average unit is affordable to households earning 46% of the area’s median income.
The acquisition of 182 Jameson Avenue is the result of a multi-stakeholder collaboration between New Commons Housing Trust Society, NMF Rental Housing Fund II, the City of Toronto through the Multi-Unit Residential Acquisition program (MURA), FirstOntario Credit Union, and CMHC through the MLI Select program.
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