How an $18.6 million dollar fund helps community organizations beat speculators and own their own spaces


More than twenty partners in Quebec (including public and private investors, philanthropic foundations, and labor funds) have joined forces to develop a suite of loan programs designed to help social-purpose organizations beat rent inflation and increase their ability to provide community services. The initiative helps qualifying organizations make real estate purchases quickly, rather than risk losing their existing spaces to other buyers while trying to arrange financing. To date, more than 30 social-purpose entities have already received financial assistance and the program is attempting to expand.

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