The YWCA Elm Centre is a 300 unit affordable housing project targeted at single low income women, women with children, women living with mental health and addiction issues and families of Aboriginal ancestry. In addition to the housing complex, it has a 180 seat auditorium, reception hall, courtyard, meeting rooms, and a restaurant. The complex also houses two support service organizations. The YWCA Elm Centre received approximately $37 million in financing and incentives from the federal, provincial and municipal governments, and a loan of $26 million from Infrastructure Ontario. The project fundraised almost $16 million, part of which was through a community housing bond worth $1 million. The bond was set at 4% fixed interest rate over 10 years and was purchased by the Muttart Foundation. The investor is able to support social an environmental impact as well as receive real financial return. The MaRS Centre for Impact Investing provided advisory support to the YWCA on structuring the bond offering.
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