New Hope
Purpose
Creating long-term homes for newcomer families.
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New Hope Community Services
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608 Tenth Street
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New Westminster, BC
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Sacha financed New Hope's acquisition of an 11-home rental building. The building sits across from Moody Park and close to daily services.
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This acquisition gives a smaller social service society room to expand its support for refugees settling in Canada. Flexible layouts let one-bedroom homes convert to two bedrooms as families' needs change.
Investment Details
Investment amount
$1.4 Million
Project Value
$3.3 Million
Type of Capital
We provided a First Mortgage Secured Loan
Purpose of Capital
Acquisition Financing
Year Funded
2024
Investment Outcomes
Social
Creates stable, non-profit housing for newcomer and refugee families.
Environmental
Planned renovations improve building energy performance.
Financial
Five-year financing supports acquisition and future transition.
