Vancity Community Investment Bank

Recognizing the pressing needs of the local community, CEO Aleksandra Grzeszczuk, RN explains the challenges long-term care homes face and how VCIB supported Copernicus Lodge with the refinancing of their building – which offers 228 long-term care units and 200 #affordablehousing apartments for seniors: https://lnkd.in/gPcQwEsE “Our mission to serve is essential, and the demand for senior care and affordable housing continues to rise each year. It's imperative that we take action now.” To help long-term care homes renew their license, VCIB offers reconstruction and redevelopment loans that are flexible and tailored to nonprofit housing organizations. Reach out to Kevin Corbett to learn more. #LTC #SeniorCare #Ontario #BankOnChange 

Today is #NationalHousingDay, a day to raise awareness and acknowledge that every Canadian deserves a safe and affordable home.  Our VCIB team was honored to attend the Habitat for Humanity Canada National Housing Day event, where Mayor Olivia Chow shared how strong partnerships between non-profit, for-profit housing providers, healthcare organizations and government can create innovative solutions to help address Canada’s housing shortage. To increase the supply of housing, the entire housing sector needs to unite in developing impactful solutions. VCIB is proud to support the preservation and development of affordable housing by providing construction, term, and acquisition financing to help get impact-driven affordable housing projects built, scaled and off the ground. Learn more about our impactful deals here: https://lnkd.in/gYtMR5my Dream St Clare's Multifaith Housing Society Smart Density Tricon Residential March of Dimes Canada University Health Network Fred Victor #NationalHousingDay #VCIB #AffordableHousing #SocialPurposeRealEstate  

We dive into how Indigenous communities across Canada are playing a pivotal role in the clean energy transition, contributing their expertise and values to renewable energy projects. 🏞️ Projects like those led by Six Nations of the Grand River Development Corporation (SNGRDC) are a testament to the power of Indigenous leadership in this space. With significant stakes in energy storage and renewable power, they’re not only investors—they’re active partners shaping project success from the ground up. 🤝 As SNGRDC CEO Matt Jamieson puts it: “We must be strategic and selective.” The community’s participation means ensuring projects respect local values, from environmental protection to economic development. 📈 With more communities like Eskasoni First Nation adopting majority ownership in renewable projects, Indigenous involvement in Canada's clean energy sector is growing fast—and trusted financial partners are key. #IndigenousCleanEnergy #RenewableEnergy #Sustainability #CommunityLeadership #CleanEnergy Terri Lynn Morrison James Jenkins Trish Nixon Tuscarora Nation

As part of the Vancity group, VCIB is a proud member of the Global Alliance for Banking on Values (GABV). GABV is a global movement of leading sustainable and ethical banks that are driving innovative solutions by focusing on key areas such as Women Empowerment, Financial Inclusion, #AffordableHousing and #CleanEnergy and more, to reshape the financial system for positive, lasting impact. VCIB is proud to be associated with GABV and strives to provide our common goal of values-based banking through specialized financing solutions for climate innovation and affordable housing projects in Canada. Learn more about how values-based banks deliver positive transformation: www.bankingonvaluesday.com #BankOnChange #SocialPurposeRealEstate #ClimateFinance #TransformingBanking #BankingonValues

Finding creative ways to structure loans, recognizing non-traditional sources of equity, considering future rent growth and creating cross-sector partnerships with all levels of government are just some of the ways banks can support developers and organizations in getting affordable and market rentals built.    Read this Q & A with VCIB’s Director of Commercial Real Estate, Eric Visser, to learn about the barriers to market and affordable rental construction and how banks can step up to get these projects off the ground:

Our Vice President, Jennifer Hutcheon, recently talked to Sustainable Biz Canada about the impactful projects and partners we are working with. At VCIB we consider the degree to which financing facilitates emission reductions and provides benefits to underserved communities to accelerate impact. Read about how VCIB is making incremental steps towards our goal to achieve net-zero by 2040 with Subterra Renewables, Noventa Energy Partners, 7Gen, Six Nations of the Grand River Development Corporation, and SwitchPACE CIC. #greenfinancing #cleanenergy #retrofits #greenbuildings #banking #investing #esg #sustainability #climatefinance #SocialPurposeRealEstate #VCIB

We’re excited to announce the appointment of Rita Parikh ICD.D as the new Board Chair at Vancity Community Investment Bank. Rita is already well-known as a member of Vancity Group’s Board of Directors where she currently serves as Chair. An experienced and passionate member of the board since 2023, Rita has played a key role in furthering VCIB’s success and distinction as a leader in financing projects and organizations that drive positive impact. We know that in taking up this additional role at VCIB, her vision and leadership will continue to inspire the Vancity Group’s approach to using finance as a tool for change.   #ClimateFinance #SocialPurposeRealEstate #ImpactBank

Save the date! Join VCIB in collaboration with Energy Storage Canada for an insightful webinar where we take a closer look at the evolving landscape of energy storage deals. Trish Nixon, VCIB’s Director of Climate Finance and our expert guests will provide valuable insights into how lenders are evaluating these projects, what the financing process looks like from both sides, and where improvements can be made to streamline collaboration. You’ll hear from: Laurent Nahmias-Leonard, Senior Director, Corporate Development and Renewable Energy Engineering Specialist at Boralex Inc. Pranav Shah, Investments at Canada Infrastructure Bank/ Banque de l'infrastructure du Canada Bank. Pelino Colaiacovo, Managing Director at MPA Morrison Park Advisors Inc. Advisors. Dr Samira Dadgar, Partner at Deloitte. Register today. 📅 Date: Thursday 7th November, 2024 🕒 Time: 1:30 – 2:30pm EST Online 🔗 Registration link: https://lnkd.in/gjEt6Gxv #ClimateFinance #EnergyStorageSystems #FutureEnergy #EnergyTransition #Renewables #RenewableEnergy #CleanEnergyFuture #CleanEnergyTech #CleanTech #Energy #CanadianEnergy #StoragePLUS #StoragePlusSolar #StoragePlusWind #Batteries #EVs #BESS #LDES #LongDuration

We are honored to share a recent financing deal with Ottawa Community Land Trust. We were able to support the land trust by providing a $1,432,500 Preserve and Protect line of credit to add to the total capital requirement to purchase their second property on Brant.  Preserving affordable rentals is crucial with the affordability crisis. The Brant property will provide affordable housing in perpetuity for 10 tenants in the community.  VCIB supports solutions to the affordability crisis across the housing spectrum, from financing for non-profit community land trusts across Canada, to make home ownership and rental more affordable and accessible.  To find out more about our Preserve and Protect line of credit, contact Chloe Wong or Kevin Corbett.

We stand with Indigenous residential school survivors and all who observe September 30 as a day of healing, remembrance, and catalyst of change and Reconciliation. We encourage you to read all 94 calls to action from the Truth and Reconciliation Commission of Canada. https://bit.ly/46wX4kd