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Loan Portfolio
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Social and Affordable
Housing Initiatives

CAIC is mandated by its members to make loans available to groups working to provide social and affordable housing in Canada. CAIC will only consider applications where other sources of affordable financing are not available. We define socially beneficial housing as: any low cost rental housing; housing that remains perpetually affordable; housing that is appropriate to those being housed; and resident and community controlled housing.

Committee on Family Violence
(Corner Brook, Newfoundland)
CAIC provided funds to enable this organization to expand their transitional housing program through renovating two additional units.
Funds advanced September 2008.

Inn-Roads Housing Co-op
(Edmonton, Alberta)
Provides cooperative housing to low-income families.
Funds advanced October 1985.

LifeSpin - Margaret's Haven Community Housing (London, Ontario)
This project provides housing for ex-psychiatric patients.
Funds advanced September 2012.

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Mortgages for
Community-based Projects

CAIC is mandated by its members to make mortgages available to non-profits or charitable organizations working to provide social services in their communities (i.e. youth group homes, non-profit, homeless shelters).

Albert St. Autonomous Zone Marketing Co-op (A-Zone) (Winnipeg, Manitoba)
Co-operative owned building housing like-minded individuals and organizations, activists, as well as alternative worker-run businesses.
Loan approved Nov 2011. Further funds advanced January 2012. a-zone.org

CEASE (Centre to End All Sexual Exploitation) (Edmonton, Alberta)
Formerly known as PAAFE, this organization provides counseling and support to those seeking alternatives to prostitution.
Funds advanced Aug 2004.

Edmonton City Centre Church Corporation (Edmonton, Alberta)
CAIC provided mortgage financing for this registered charity founded by several downtown churches (Anglican, Lutheran, Roman Catholic, Baptist & United Church) “to respond to the needs of disadvantaged people; CAIC's funds support E4C's home for women. Funds advanced Jan 2006.

Heartwood House (Ottawa, Ontario)
A loan facilitated the purchase of a permanent home for Heartwood House, which provides space for 18 different non-profits in Ottawa. Funds advanced Nov 2012.

Pillar Non Profit (London, Ontario)
A loan facilitated the purchase of a building to house a new "Shared Spaces" project for Pillar Non Profit. Modeled after the Centre for Social Innovation, the new building will provide office space and community to non profits in London. Funds advanced October 2014.

L'Arche Hamilton/The Ark
(Hamilton, Ontario)
This mortgage supports a home and day programs for people who have developmental disabilities.
Funds advanced September 2005.

Well-Come Centre for Human Potential (Windsor, Ontario)
This centre provides counseling and activities for sole support mothers and their children. Additional financing to purchase a new building advanced Aug 2013.
Funds advanced July 1995.

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Social Enterprise Financing

CAIC provides loans and equity investments to groups, organizations & cooperatives assisting the economic development of disadvantaged people or communities and whose objectives are considered to be of social benefit by CAIC's Board of Directors. The organization may be a corporation or a co-operative. The investment may be debt or equity, secured or unsecured. CAIC is supportive of community loan funds and is interested in partnering with organizations that provide the necessary business skills & technical support to ensure successful social enterprises.

Access Micro-Credit du Gaspésie (AMG) (Bonaventure, Quebec)
Access Micro-Credit du Gaspésie helps young people with low income or workers with precarious status who wish to start a business who cannot access conventional financing sources. Funds advanced June 2011.

Centre for Social Innovation
(Toronto, Ontario) CAIC purchased bonds that enabled this innovative organization to expand their social mission to provide affordable and community space the non profit sector through the purchase of a building. Funds advanced May 2010 & April 2015. www.socialinnovation.ca

Fonds Communautaire au
(Saint-Thérèse, Quebec)
A community loan fund providing loans to individuals on social assistance enabling them to start small businesses.
Funds advanced November 2007. Additional funds advanced September 2013.

Fonds Communautaire de la Mauricie
(Trois Rivières, Quebec)
This community loan fund provides access to capital for small business initiatives.
Funds advanced March 2005. Additional funds advanced May 2011. www.fcem.qc.ca

Funeral Co-op of Ottawa (Ottawa, Ontario)
The Funeral Co-operative of Ottawa is an independent community-owned and operated cooperative dedicated to offering low cost funeral arrangements on a not-for-profit basis. Loan approved May 2012.

Halifax YWCA (Halifax, Nova Scotia)
A loan was provided to aid in the construction financing of a new daycare centre that also houses the Halifax YWCA's administrative offices in the low-income neighbourhood of Spryfield. Funds advanced March 2013.

Montreal Community Loan Association/ Association Communautaire d'Emprunt de Montreal (Montreal, Quebec)
This association makes loans to individuals and groups starting new businesses in Montreal's economically depressed neighbourhoods.
Funds advanced August 1992. www.acemcreditcommunautaire.qc.ca

Planet Bean Cooperative (Guelph, Ontario)
This worker co-operative retails and wholesales gourmet fair trade organic coffee and other fair trade products in the Ontario market. CAIC's loan enabled the co-op to purchase a new & larger roaster. Funds advanced July 2006. www.planetbeancoffee.com

Quebec City Community Loan Fund/ Fonds d'emprunt economique communautaire (CREECQ) (Quebec City, Quebec)
This association makes loans to individuals and groups starting new businesses in Quebec's city centre. Funds advanced January 1998. Additional funds advanced February 2013

Solarshare Cooperative Inc. (TREC) (Toronto, Ontario)
CAIC purchased bonds to support this alternative energy cooperative whose solar projects range in size from 10 kW rural systems to 600 kW (DC) arrays on industrial rooftops in various locations across Ontario. This purchase represents CAIC's first foray into an alternative energy project - something that is definitely in keeping wit our mandate. Funds advanced April 2015.

Toronto Brigantine Inc (Toronto, Ontario)
This not-for-profit charitable organization provides “leadership, resiliency, creativity, good citizenship” skills to teenagers through a Tall Ship sailing program. Bursaries are provided for low-income teens. CAIC provided a loan to enable this organization to restructure & grow their program. Funds advanced July 2010.

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