Trillium Housing Trillium Housing Bonds
Product Details
Product Name: Trillium Housing Bonds
Overview: Trillium Housing Bonds permit investors to lend funds to Trillium Housing Non Profit for investment in their affordable ownership housing developments. The Bonds have a specific, set interest rate and term. Capital and accumulated interest are paid at maturity, usually 3 to 5 years depending on the project. After repayment of investors, any further development surplus is used to finance Trillium Mortgages for income eligible purchasers. Since the Trillium Mortgage is payment free until discharge, it permits families with lower incomes to purchase homes in the development. As an example, at Trillium Housing project THE LOOP in Toronto the average Trillium Mortgage commitment is $96,000. This would save a family approximately $480 per MONTH at current conventional first mortgage rates. This is a major housing affordability impact.
Issues Focused: Sustainable Cities and Communities
Asset Class: Other Real Assets
Geography: Ontario
Impact Measurement
IRIS 4.0 Social Impact Objectives: Affordable Housing
IRIS 4.0 Environmental Impact Objectives:
IRIS 4.0 Targets: Children (<10 years old), Adolescents (10-18 years old), Adults (>18 years old), Elderly/older adults, Persons with Disabilities, Minority/previously excluded populations, Women, Pregnant Women, Other At-Risk populations
Impact Evidence Type: Outcome Data: Can provide outcome data demonstrating positive change for target beneficiaries.
Trillium Housing

Last updated by Trillium Housing on 05 Nov 07:06

Investment Details
Legal Structure: Secured Debt
Product Stage: Not Specified
Part of Series: Series
Investment Availability: Open
Minimum Investment:
Investor Eligibility: Foundations/Endowments, Accredited Investors
Assets Under Management: $1M < AUM < $5M
Average Management Fees %:
Average Performance Expectations: 4% ≤ Expectations ≤ 8%
Performance To Date: Significantly Below Expectations