Mennonite Housing
Purpose
Protecting 21 homes, with room to grow.
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Prince George Mennonite Housing Society
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890 Tabor Blvd
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Prince George, BC
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Sacha provided acquisition financing that helped Prince George Mennonite Housing Society move a 21-home rental building into non-profit ownership.
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Rents are about 30% below market. Through non-profit ownership, the 1.37-acre site protects existing affordability and offers room for future non-profit housing development.
Investment Details
Investment amount
$924,000
Project Value
$2.5 Million
Type of Capital
We provided a First Mortgage Secured Loan
Purpose of Capital
Acquisition Financing
Year Funded
2024
Investment Outcomes
Social
Protects 21 below-market homes and creates future development potential.
Environmental
Planned renovations improve energy performance and building longevity.
Financial
Five-year financing supports acquisition and stable ownership.
