Alternative Sources of Capital for Social Housing

Shayne Ramsay is CEO of BC Housing, the provincial agency responsible for creating housing options for those most in need in British Columbia. He has served as Chief Executive Officer of the Homeowner Protection Office, Director of Development Services for BC Housing, and the Director of Housing Policy and Program Development with the former BC Ministry of Municipal Affairs and Housing. Shayne is familiar with the Ontario housing environment having held several positions at Cityhome in Toronto and with the Ontario Ministry of Municipal Affairs and Housing. He serves as Chair of the Board of Directors for the Crown Corporation Employer’s Association, Chair of Housing Partnership Canada, and Vice-Chair of the International Housing Partnership.

SESSION DESCRIPTION:
Explore new models to raise capital for social and affordable housing initiatives. Access to capital has been one of the critical issues affecting the health and long term viability of social and affordable housing. Policy makers, housing providers and other stakeholders have sought various ways to bring capital into the sector in order to address growing demand for such housing.

In this session, Shayne will share the findings from a joint project with BC Housing, Housing Services Corporation, Ecotrust Canada, Community Social Planning Council of Greater Victoria that investigated six models of alternative sources of capital for the housing sector. Learn the mechanics of these models and there applicability in Canada. The six models featured in this session are:

• Social/Affordable Housing Real Estate Investment Trust
• Hybrid Legal Structures
• Capital Raising & Lending Facilities
• Housing Bonds
• Community Investment Funds
• Social Impact Bonds