100% Affordable Housing Development
405 Main Street W, Hamilton, ON
Participate in the ownership of a 96-unit, 100% affordable housing property with a primarily societal impact in Hamilton, ON.
The Plan: Develop a 96-unit, 100% affordable multifamily property, which will feature a mix of affordable and deeply affordable social housing with a primarily societal benefit to the city of Hamilton. The aim is to provide a place to live for those on the lengthy affordable housing waitlist. The General Partner (GP) on this deal has no intention to sell the property. A return of capital is estimated in year 2, with annual distributions estimated starting in year 4 and continuing for as long as the GP owns the building.Get me a membership
How can a term be in perpetuity?
The General Partner (GP) on this deal has no intention to sell the property. The plan is for a return of capital in year 2, with annual distributions starting in year 4 and continuing for as long as the GP owns the building.
*The key numbers to explain how we make this estimate are available within your addy account. Investments in this property are restricted to British Columbia, Alberta, Ontario and Quebec residents. Qualified members can invest from $1 and up to $1,500.
**This is the day when we issue a distribution, or the property exits — aka cash earned from doing zero things, aka #passiveincome. For this property, an annual Owner’s Day starting in year 4 is projected.