I think what you and your team have done with HIC is fantastic. Anyone who has tried to source funding for social housing development will recognize that HIC is re-writing the book for all of us.”
— Pat Thomson, Thorold Municipal Non-Profit Housing

our Goal: helping you create more affordable housing

HIC seeks to address the barriers that affordable housing providers have faced in accessing low-cost, long-term financing.

We enable providers to leverage their assets so they can meet the affordable housing needs in their communities. Our clients can take advantage of:

  • Fixed rate 30+ year loan

  • Housing knowledge

  • Financial expertise & assistance

  • Low-cost administration

Unlike other lenders, HIC delivers customer service tailored exclusively to affordable housing clients.


HIC provided vital take-out financing for Vancouver’s newest co-op. The innovative financing tools HIC has made available will help the Community Land Trust, and our sector, better meet the pressing need for affordable housing in communities across Canada.

Tiffany Duzita, Director, Community Land Trust Foundation

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In effect, we use the power of the group, the creditworthiness of Canada’s affordable housing sector and the market interest in HIC bonds to obtain fixed, low-cost financing. 

  • “A-low” credit rating from Standard & Poor

  • TD Securities and Scotiabank co-lead as underwriters in the capital markets

A proven model

HIC closed its first round of borrowing in February 2019. Focused on take-out financing, the round was valued at approximately $33M for projects in British Columbia (Railyard Housing Cooperative) and Alberta (Parkdale Housing Development Project).


  Edmonton and Vancouver Housing     Providers Secure $33M in financing    Read more

HIC’s unique solution was instrumental in helping Capital Region Housing and the Province of Alberta finalize agreements to secure the financing we needed to expand our portfolio. We are proud to be part of HIC’s first round, and excited by the opportunities it offers housing providers across Canada — direct access to the capital markets and low-cost, long-term financing to build and regenerate affordable housing stock.

— Greg Dewling, CEO, Capital Region Housing


HIC is already planning subsequent rounds of borrowing. If you are an affordable housing provider seeking new development, regeneration, renovation or acquisition financing, you are a candidate for future lending rounds. Get started by reviewing our evaluation criteria and contacting us!