There is a critical need for flexible sources of financing that can be designed to meet the budgets and timelines of affordable housing providers. At the same time, there is a need for greater, and more meaningful participation of communities in affordable housing projects.
Tapestry Community Capital is leading the development of a social finance program, specifically designed to meet these complex needs of affordable housing providers.
Tapestry has been shortlisted by the CMHC Housing Supply Challenge program to work on this idea. We are recruiting non-profit and co-operative housing providers from across Canada that are interested in the use of community bonds to help inform the design of the program.
We are offering:
- Coaching to your team and Board to understand how community bonds could be used by your organization
- An assessment of your project financing and viability to utilize community bonds to unlock private capital within your community
- Preferential participation in the implemented program, which may involve financial support to launch a community bond campaign
To find more details, click ici.
If you are interested in this idea or want to know more, please contact info@tapestrycapital.ca.
About Tapestry Community Capital
Tapestry is a non-profit organization that supports social purpose organizations across Canada to raise impact investments using a social finance tool, called a Obligation communautaire.
We have developed a straightforward process that allows organizations to efficiently use community bonds to achieve their funding goals within 8-12 months. We help them to structure their investment offering, take their product to the community to raise investment, and professionally manage their investors.
In the past 8 years, we have supported in raising over $90 million in community investment from more than 4,000+ investors. This capital has been deployed by our non-profit and co-op clients to develop a range of essential community assets, including those in renewable energy, arts & culture, and education.
We hope to connect with you!