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Across Canada, 11 charitable, nonprofit, and cooperative housing providers are utilizing community bonds to raise $110 million from Canadians, aimed at creating or preserving over 3,000 affordable housing units. Backed by Tapestry Community Capital’s Investing in Housing initiative and funded by CMHC’s Housing Supply Challenge, these bonds are issued by nonprofits and cooperatives as a flexible investment tool. Tapestry is currently supporting four providers in raising $9 million, with campaigns continuing until March 2025. This effort addresses the increasing challenges in affordable housing access noted in CMHC’s 2024 Housing Market Outlook and spans projects from Ontario to British Columbia, including affordable housing for Black communities and net-zero homes.

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