NEW COMMONS
DEVELOPMENT FUND

ABOUT

The New Commons Development Fund invests in affordable housing and community real estate assets from early-stage through to stabilization. We work with strong partners to create long-term community benefit. We draw on decades of experience to structure investment opportunities that are customized to our investors’ needs. Our investments generate risk-adjusted market-rate returns.

“The Hamilton Community Foundation has a long history of promoting positive impact in Hamilton and beyond. Investing with New Commons Development is a unique opportunity for us to support the development of new non-profit and co-operative affordable housing and community assets while targeting an appropriate risk-adjusted financial return. We are pleased to add this investment to our portfolio.”

Annette Aquin, Executive Vice President, Finance & Operations, Hamilton Community Foundation

SELECTED INVESTORS
Our investors include foundations and other institutions.
  • Atkinson Foundation
  • Balsam Foundation
  • Hamilton Community Foundation
  • Inspirit Foundation
  • Metcalf Foundation
  • NEI Investments
  • P&L Odette Charitable Foundation
  • The Catherine Donnelly Foundation
  • Toronto Foundation
  • Tosa Investments Limited

PORTFOLIO

WoodGreen Community Services

Toronto, ON

Our work with WoodGreen Community Services includes the development of 36 new affordable rental housing units for seniors, as well as the development of a Parent-Child resource centre and a community gathering space.

  • Resident Population: Seniors

Vancouver Community Land Trust & VAHA

Vancouver, BC

Working with the Vancouver Community Land Trust, as well as the Vancouver Affordable Housing Agency, this project at 5085 McHardy Street will bring a new 102-unit co-op to Vancouver.

  • Resident Population: Workforce and families

Vancouver Community Land Trust & VAHA

Vancouver, BC

Working with the Vancouver Community Land Trust, as well as the Vancouver Affordable Housing Agency, this project at 5085 McHardy Street will bring a new 102-unit co-op to Vancouver.

  • Resident Population: Workforce and families

Vancouver Community Land Trust & VAHA

Vancouver, BC

Our work with the Vancouver Community Land Trust, as well as the Vancouver Affordable Housing Agency, to develop this project at 1001 Kingsway will bring a new 12-storey, 88-unit co-op to Vancouver. The building will be built using laminated timber construction and will meet Passive House Certification.

  • Resident Population: Workforce and families

Vancouver Community Land Trust & VAHA

Vancouver, BC

Working with the Vancouver Community Land Trust, as well as the Vancouver Affordable Housing Agency, this project at 1190 Burrard will bring 154 social housing homes to downtown Vancouver. This project will also house a new community centre for QMUNITY.

  • Resident Population: Individuals living with HIV/AIDS, as well as workforce and families

Vancouver Community Land Trust & VAHA

Vancouver, BC

Working with the Vancouver Community Land Trust, as well as the Vancouver Affordable Housing Agency, this project at 1190 Burrard will bring 154 social housing homes to downtown Vancouver. This project will also house a new community centre for QMUNITY.

  • Resident Population: Individuals living with HIV/AIDS, as well as workforce and families

Options Community Services

Surrey, BC

Working with Options Community Services, this project at 13583 81st Avenue, Surrey, BC will bring 100 new homes to this community. The project will include ground and second floor social service and office space for Options.

  • Resident Population: Workforce and families

St. Hilda’s Community of Care

Toronto, ON

Partnering with St. Hilda’s Community of Care, this project is a major retrofit of two residential towers that include building systems and unit renovations and upgrades. The project will improve the resident experience for over 300 seniors and renew the tower assets to ensure sustained, healthy operations over the long-term.

  • Resident Population: Seniors

St. Hilda’s Community of Care

Toronto, ON

Partnering with St. Hilda’s Community of Care, this project is a major retrofit of two residential towers that include building systems and unit renovations and upgrades. The project will improve the resident experience for over 300 seniors and renew the tower assets to ensure sustained, healthy operations over the long-term.

  • Resident Population: Seniors

Kingston Co-operative Homes

Kingston, ON

Kingston Co-operative Homes, Compass Ontario and New Commons are partnering with the City of Kingston to develop a 3-storey 38-unit apartment building owned by the Kingston Co-op as part of a larger redevelopment of lands at 1316-1318 Princess Street. The project is a unique opportunity to leverage the existing adjacent Kingston Co-op community and provide a new building that will target seniors and existing Co-op members seeking to downsize as well as produce new affordable housing for the local community.

  • Resident Population: Seniors and low-income households
Get in touch to learn more