Ottawa Community Land Trust reposted this
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 got the keys to our second property! Welcome to The Brant, located in Ottawa's Vanier neighbourhood. This exciting portfolio addition was made possible in no small part to the ongoing success of the Housing Forever Bonds campaign. Thank you, Ottawa! Learn more about The Brant in our new blog post: https://lnkd.in/gvXhhZMm
This is terrific to see - bravo to all involved!
The team at VCIB has been so wonderful to work with; very much a partner in our collective efforts to preserve affordable housing in Ottawa!