1. SOCIAL FINANCE FOR SOCIAL HOUSING IN ONTARIO ONPHA Annual Conference Niagara Falls, Ontario October 28 th , 2011

4. ABOUT US MaRS is a large scale, mission based, innovation centre focused on supporting science, technology, and social entrepreneurs moving important ideas to implementation and building strong businesses. We focus on providing advisory services and access to capital.

7. SOCIAL FINANCE OVERVIEW Social finance is an investment approach which aims to solve social or environmental challenges while generating financial return. This includes investments that range from producing a return of principal capital to offering market-rate or even market-beating financial returns. Profits Planet People Synonyms: Impact investing, community investing, and mission-related investing for foundations.

10. Example: Planet Bean Coffee Fair trade organic coffee co-operative Investment Type: Debt via loans Purpose: Infrastructure improvements (new roaster) and retail expansion (new location) Terms: Five (years) at 8% Deal Size: $75,000 (part of $250,000 expansion from debt and equity [co-op shares]) Investors: Retail and institutional Impact: Revenue growth ($500k-$1.7M), new worker co-op members, positive local and global impact.

11. Example: Centre for Social Innovation (CSI) Multi-purpose co-working space for nonprofits Investment type: Debt via community bond* Purpose: acquisition and re-development of new facility. Terms: Variable over three series from 5-15 years (prime + 1.75%, prime + 2.25%, & fixed 4.0%) Deal Size: $2.0 million** Investors: Retail & institutional Impact: Facility to catalyze social change * Similar models implemented by Skydragon Worker Co-operative and TREC’s Solar Share initiative. ** Investment was secured by City of Toronto

12. Example: Access Community Capital Fund A not-for-profit fund located in Toronto providing $5,000 microloans to budding entrepreneurs that are otherwise excluded from mainstream financial markets. Investment Type: Debt via promissory note Purpose: Financing for loan fund Terms: 0-2% with variable terms Deal Size: Variable Impact: Poverty reduction, employment creation

13. Impact + Return Poverty reduction Carbon reduction Jobs for marginalized populations Social housing units Energy efficiency 1% p.a. over three years Prime + 2% 8%

20. Case Study: New York City Acquisition Fund

29. Case Study: Toronto Community Housing Corporation Bond: Regent Park Revitalization