What if your investments could transform lives?
When you purchase a Hope & Homes Hamilton Bond, you will become an integral part of a collective effort to improve the lives of individuals and families who are experiencing housing instability or homelessness — often due to struggles with mental health and addiction.
Project Details
Indwell is launching four new projects in Hamilton in 2024. We need investors like you to close the financing gap between purchasing the property and beginning construction. Your investment in Hope & Homes Hamilton will directly contribute to pre-development activities; architectural and engineering design, site assessment and remediation, and obtaining necessary permits and approvals. This vital funding ensures that we can move forward without delay, bringing these essential housing projects to life and creating tangible hope for our Hamilton neighbours.
About Us
Indwell is a Hamilton-based charity and the fastest-growing developer of new supportive affordable housing in Ontario. We house over 1,200 people across the province, providing safe, permanent homes and effective support programs. We are pleased to launch more much-needed housing in Hamilton, where we currently house 600 people. The stability of Indwell programs has proven effective, with 9 out of 10 tenants remaining with Indwell after their first year.
freed up hospital beds
reduction in emergency service calls
Less emergency department Visits
Tenants thrive and move forward in life
The Investment
What are Hope & Home Hamilton Community Bonds?
A community bond is a financing tool that allows individuals and organizations to invest in projects that have a positive social impact within their community, while also earning a financial return.
When you purchase a Hope & Homes Hamilton Bond, you will become an integral part of a collective effort to improve the lives of individuals and families who are experiencing housing instability or homelessness — often due to struggles with mental health and addiction.
How will interest be paid?
Interest is paid on an annual basis by direct deposit.
Is there a deadline to invest?
We are launching the bond on March 4, 2024 and plan to actively raise capital for the community bond for 12 months or sooner, if the $5M raise target has been accomplished.
$5M Goal
Bond Series A
3 Year / 3.5%-
Annual interest payments
-
Principal repaid at maturity
Bond Series B
3 Year / 4%-
Annual interest payments
-
Principal repaid at maturity
Bond Series C
3 Year / 4%-
Annual interest payments
-
Principal repaid at maturity
-
Eligible for registered products such as RRSP/TFSA
(Learn More)
Investment*
Bond Series D
3 Year / 4.5%-
Annual interest payments
-
Principal repaid at maturity
Bond Series E
5 Year / 5%-
Annual interest payments
-
Principal repaid at maturity
Leadership Team
Jeff Neven
Chief Executive Officer
Chris Finkbiner
Chief Operating Officer
Graham Cubitt
Director of Projects & Development
Judy Eising
Director of Community and Donor Engagement
Anisha Gunnar
Director of People & Culture
Steven Rolfe
Director of Health Partnerships
Hope & Homes Hamilton Community Bonds Team
Nickolaas van der Velde
Finance Manager
Aydan Schat
Financial Accountant
FAQ
What are the risks of purchasing a Hope & Homes Hamilton Community Bond?
Investing in community bonds, like any other type of investment includes risk. However, Indwell is a financial healthy organization and is in good standing with all current financing and funding partners. Investors should be aware that due diligence, assessing the issuer’s financial health, understanding bond terms, and considering economic conditions are essential prior to investing in the community bond.
What happens when my bond matures?
Principal dollar amounts will be held for the term of the bond ranging from three to five years. After the term expires, Indwell will pay back the principal capital to the lender and provide an opportunity to re-invest the principal for a new term.
Are there investment limits for Hope & Homes Hamilton Community Bonds?
The community bond is designed to provide a lower entrypoint for investors ranging from $1,000 to $50,000. There is currently no limit on the investment amount up until the $5M total campaign goal.
Who is eligible to invest?
Our community bond is open to investment from all types of investors including non-accredited / accredited individuals, corporations and institutions. There is a residency requirement for individual investors as these individuals need to be Canadian citizens or have permenant residentcy status. All investors have to bank with a Canadian financial institution.
Who is managing the investment process?
Indwell is managing the investment process internally with guidance by Tapestry Capital.
RRSP/TFSA Eligibility
Indwell Community Homes has commissioned an independent legal opinion that Hope & Homes Hamilton Bonds (Series C) are qualified investments to be held in registered accounts under Regulation 4900(1)(j) of the Income Tax Act. However, it is up to the discretion of each institution to hold Community Bonds in a registered account on your behalf, and investors often find that their financial institution will not allow them to include privately issued securities such as these in their registered accounts.
Therefore, Indwell has developed a partnership with the Canadian Worker Co-op Federation (CWCF)’s Common Good Capital Program, whereby Community Bonds can be held there in RRSPs and TFSAs. You can open an account with CWCF, transfer funds from an existing RRSP or TFSA, or make a new contribution.
Ready to contribute to this life-changing initiative?
Get to know us better!
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Our Partners
Tapestry Community Capital is Canada’s leading service partner in community bonds. They make the process of raising community investment simple and support you every step of the way.
Tapestry believes in the power of social capital to unlock financial capital. They have helped to raise over $100 million in community investment with some Canada’s most successful social enterprises.
Indwell is a Hamilton-based Christian charity that has been supporting vulnerable adults dealing with mental health challenges for nearly 50 years. We are the fastest growing developer of new supportive affordable housing in Ontario. Indwell’s communities support over 1250 tenants in regions across Southern and Southwestern Ontario—with several projects currently under construction or pre-development. Indwell empowers tenants to achieve health and wellness goals, and to constructively engage with their communities.
