Chapter Housing–Hue
Purpose
Adding 23 below-market homes to Port Moody.
-
Chapter Housing Society
-
Hue
-
125 Albert Street and 2015 St. Johns Street, Port Moody, BC
-
Sacha provided an interest-only bridge loan so Chapter Housing Society could acquire 23 newly completed rental homes from Marcon.
-
Every home will rent at Housing Income Limits and at least 20% below market. Covenants secured on title protect affordability near transit, shops and Rocky Point Park.
Investment Details
Investment amount
$7.51 Million
Project Value
$8.9 Million
Type of Capital
Loan secured on title
Purpose of Capital
Acquisition and bridge financing
Year Funded
2026
Investment Outcomes
Social
Adds 23 purpose-built homes to Chapter Housing's non-market portfolio.
Environmental
The project meets BC Step Code 3 and exceeds 2018 code efficiency.
Financial
Bridge financing supports acquisition before MLI Select refinancing.
