Announcing the First Cohort of Community Finance Solutions
We are pleased to announce that Community Finance Solutions will support ten new initiatives with strategic advice, research, connections, and promotional opportunities.
These ten initiatives include the following fund and product developers:
Aboriginal Savings Corporation of Canada: ABSCAN is a First Nations market housing precursor fund and innovation lab offering non-standard mortgage financing and best-practices solutions to create the conditions for conventional housing market finance to participate in resolving the housing crisis in First Nations.
Civic Assets Project: The Civic Assets Fund will be designed to perpetuate and reinvest in the civic fabric of our urban environments through purchasing and repurposing civic assets towards the maximization of not only their real estate returns, but equally their socio-cultural performance.
Community Social Planning Council of Greater Victoria: The Vancouver Island Community Investment Fund will leverage local investment into affordable housing, social purpose real estate and community enterprises, through an RRSP eligible vehicle.
Peavey Industries Ltd: Peavey Industries is exploring business acceleration and financing tools to contribute to thriving rural prairie communities.
Pique Ventures: Pique Venture Investments (VCC) Inc. (dba Pique Ventures) is an early-stage impact venture fund investing in leadership diversity and applying Integrated Investing. Integrated Investing is an investment methodology, so-called integrated because investment decisions integrate analysis, emotion, body, and intuition and because the approach integrates an impact lens, traditional evaluation methods, and contemporary venture evaluation tools.
Renewal Funds: Renewal Funds invests in change by supporting businesses at the forefront of social and environmental innovation. Renewal Funds is developing a new seed and innovation fund called Instinct.
Vancouver Native Housing Society: Vancouver Native Housing Society seeks to create an affordable homeownership trust to finance non-profit housing development.
Youth Social Innovation Capital Fund: YSI is an impact startup fund that invests in young entrepreneurs and their solutions to our world’s biggest problems.
We launched Community Finance Solutions in 2014 to provide expert advisory support to initiatives creating new impact investing funds and financial products across Canada. Our selection process involved our National Advisors across Canada and our Corporate Partners.
Stay tuned for more details about the amazing work being carried out by each of these organizations!