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Community Bonds help SHIP create quality, affordable housing while offering investors a meaningful opportunity to earn returns and drive social impact.Project Details
SHIP purchased 273 Main Street North in Brampton to develop a 50-unit affordable supportive housing building. The project will bring vibrancy and vitality to the area using an innovative mixed-use housing model designed to meet the needs of a diverse population including singles, families, newcomers, those living in poverty, seniors and individuals with special needs. The project will offer linkages to identified community services and resources that are aligned with the regional and local priorities. The project is anticipated to be completed in 2026.
We will create 50 units to address:
Our Impact
The Investment
Community Bonds are a social finance tool for charities, non-profits, and co-operatives to fund impactful projects. They work like traditional bonds, offering interest-bearing loans with set returns and fixed terms. These Bonds let people invest in local projects that provide social or environmental benefits.
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Investment Options
Project Team
Tapestry Community Capital supports non-profits, co-ops and charities in raising and managing community bonds. To date, Tapestry has supported issuers across Canada in raising over $120 million in community bonds from more than 3,000 investors.
Frequently Asked Questions
Investing in community bonds, like any other type of investment includes risk. However, SHIP is a financially healthy organization and is in good standing with all current financing and funding partners. Investors should be aware that due diligence, assessing the issuer’s financial health, understanding bond terms, and considering economic conditions are essential prior to investing in the community bond.
Principal will be held for the term of the bond (ranging from three to six years). Upon Bond Maturity, investors can choose to redeem their principal or re-invest in a new Bond term that SHIP offers.
Each investment option has a minimum entry point for investors ranging from $1,000 to $25,000. There is no limit on the investment amount up to $4M which is the total raise goal.
Our community bond is open to investment from all types of investors including non-accredited / accredited individuals, corporations, foundations, and institutions. There is a residency requirement for individual investors as these individuals need to be Canadian citizens or have permanent residency status. All investors have to bank with a Canadian financial institution.
SHIP is managing the investment process internally with guidance by Tapestry Community Capital. Investments will be managed via Tapestry’s proprietary investor management platform, Atticus. Tapestry’s Investor Portal is a closed and encrypted system. All traffic between the client and server is SSL-encrypted with a signed certificate issued by a third-party certificate authority (COMODO RSA Domain Validation Secure Server CA). All database files on the server, where we store the data, are encrypted at rest. The server is hosted in a secure data centre in Canada. All data changes are logged in an audit trail and only key Tapestry staff have access to this data.
All SHIP Community Bonds will be secured by charges registered on 185 Lakeshore Road East, Mississauga, and 19179 Centreville Creek Rd, Caledon East, and held by a trustee appointed by SHIP pursuant to a Trust Agreement for the benefit of all SHIP bondholders.
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Community Bonds help SHIP create quality, affordable housing while offering investors a meaningful opportunity to earn returns and drive social impact.Stay Updated with Our Newsletter
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