Create Housing Affordability.
Profile Provided By: Joe Deschênes Smith
The Trillium Housing model is centred on creative partnership between Trillium Housing investors and housing developers creating for the first time an investment opportunity to create more affordable housing within the existing real estate market. First we invest in affordable housing projects. We have specific criteria for affordability. We partner with experienced developers. Our team has successfully invested in dozens of housing developments.Second the surplus generated out of our housing investments provide the funds that allows us to offer our Trillium Mortgages to eligible purchasers. The Trillium Mortgage creates housing affordability because it is PAYMENT FREE until discharge. Every dollar we earn is plowed back into more affordable housing and Trillium Mortgages.What we offer goes beyond simple bricks and mortar. We offer our home purchasers careful analysis of their financial capacity. We provide education in financial and home management. In addition to investing our money we offer our developer partners support for the approvals and also the sales processes. Governments can help us create housing affordability without new costs for the taxpayer. We choose projects where the interests of the community Trillium Housing and the developer are aligned.Our relationship with new home purchasers is very important. Ensuring that our families are set up for success as homeowners is critical when each family is considered for a Trillium Mortgage.
|Real estate, design & building||Nonprofit||Operating||2 - 10 employees|
Funding and Financing Rounds
2016 / C$400K / Series A / Other / Debt
Impact Reports & Metrics