DEMYSTIFYING REAL ESTATE FOR NON PROFITS & SOCIAL ENTERPRISE. Wifi: ISSofBC Guest Password: ISSofBC #socialpurposerealestate

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1 DEMYSTIFYING REAL ESTATE FOR NON PROFITS & SOCIAL ENTERPRISE Wifi: ISSofBC Guest Password: ISSofBC #socialpurposerealestate

2 FINDING THE MONEY FINANCING & FUNDING FOR SOCIAL PURPOSE REAL ESTATE PROJECTS Bill Aube, Development Advisor Vancity Community Foundation Debra Bodner, Cultural Planner City of Vancouver Cultural Services Jose Fernandez, Social Planner City of Vancouver Social Policy & Projects Jennifer Johnstone, President & CEO Central City Foundation Deborah Meyers, Regional Manager Arts and Heritage, Department of Canadian Heritage Hedy Rubin, Grants Manager Real Estate Foundation of BC Mandeep Sidhu - Moderator

3 STAGES OF THE DEVELOPMENT PROCESS 1 Vision 2 Feasibility 3 Business Plan 4 Pre- Development 5 Construction 6 Occupancy

4 VANCITY GROUP OF ORGANIZATIONS IMPACT REAL ESTATE TEAM Vancity Community Foundation Vancity Community Investment Vancity Community Business Vancity Community Investment Bank

5 VANCITY GROUP OF ORGANIZATIONS

6 VANCITY GROUP OF ORGANIZATIONS IMPACT REAL ESTATE TEAM Target Areas: affordable housing, community-owned real estate Supports: pre-planning, feasibility studies, expansion/redevelopment, acquisition of space, advancing impact real estate Maximum funding (across Vancity entities): Concept Planning $10,000 Feasibility Planning $20,000 Business Planning $25,000-$50,000 Pre-Development/Pre-Construction $200,000-$600,000 Eligibility: Registered non-profit societies / co-ops, charities, First Nations Bands within the Vancity Trade Area Deadline: Ongoing Application: Conversations and/or application form Assessment: Internal assessment of impact and promise

7 VANCITY GROUP OF ORGANIZATIONS IMPACT REAL ESTATE TEAM Contact: Bill Aube, Development Advisor Vancity Community Foundation Mandeep Sidhu, Associate Vancity Community Investment

8 CITY OF VANCOUVER CULTURAL SERVICES CULTURAL INFRASTRUCTURE GRANT PROGRAM Target Areas: planning, minor and major capital, critical assistance, permit fee assistance Supports: renovations/upgrades, pre-planning, feasibility studies, expansion/ redevelopment, and acquisition of space Maximum funding: Planning $50,000 Minor Capital $50,000 Major Capital $250,000 Critical Assistance $25,000 Eligibility: Vancouver based registered cultural non profit societies / co-ops, charities, First Nations Bands Deadline: 1x annually in spring, except for Critical Assistance and Permit Fee Assistance, both which take applications year round Application: Online guidelines and application form Assessment: Peer review against published criteria

9 CITY OF VANCOUVER CULTURAL SERVICES CULTURAL INFRASTRUCTURE GRANT PROGRAM Notable for: $7+ M in funding for 195 projects since 2009; has leveraged $28.7M of funding from other sources to fund over $35.7M total capital projects for cultural spaces in Vancouver Contact: Debra Bodner, Cultural Planner Debra.Bodner@vancouver.ca

10 CITY OF VANCOUVER SOCIAL SERVICES SMALL CAPITAL GRANT PROGRAM Target Areas: planning and minor capital Supports: 50% of total project cost related to renovations/upgrades, construction, expansion, pre-planning and feasibility studies, movable expenses (up to 15% of project cost) if linked to a broader renovation. Maximum funding: $10,000-15,000 per project Eligibility: Vancouver based registered non-profit societies, community service co-ops or charities registered with CRA and that provide social services Deadline: 1x annually in the fall Application: Online guidelines and application form Assessment: Staff review against published criteria

11 CITY OF VANCOUVER SOCIAL SERVICES SMALL CAPITAL GRANT PROGRAM Other: - Successful applicant has 3 years to complete the project. - Matching funds are needed to cover the other 50% of project cost. Contact: Jose Fernandez Garcia, Social Planner jose.fernandez.garcia@vancouver.ca

12 CENTRAL CITY FOUNDATION CAPITAL GRANTS PROGRAM Target Areas: small capital projects including grants to support construction, renovation and equipment purchases Supports: organizations improving lives in Vancouver s inner city with a focus on urgent needs, children & youth and community transformation Maximum funding: $30,000 Eligibility: Vancouver based registered charities or other qualified donees Deadline: March 15 and September 15 for Letters of Intent Application: Online guidelines. Applicants must inquire with CCF staff for eligibility, submit a Letter of Intent if eligible then applications are by invitation. Assessment: Central City Foundation Projects Committee/Board of Directors

13 CENTRAL CITY FOUNDATION SOCIAL PURPOSE REAL ESTATE PROJECTS 40% of capital invested in social purpose real estate that supports innovative organizations that are improving lives in our community 5 social purpose real estate properties in BC that provide secure tenure and subsidized leases for low income housing, health & family services, an Indigenous-focused daycare, addiction and mental health treatment for youth & young adults and social enterprise. Contact: Jennifer Johnstone, President & CEO Jennifer.johnstone@centralcityfoundation.ca

14 CANADIAN HERITAGE CANADA CULTURAL SPACES FUND Target Areas: Western Region priorities include co-location projects, projects in communities where the program has not previously invested, projects from or supporting Indigenous communities, projects from or supporting Official Language minority communities, and projects that support sectoral innovation and new ways of working. Western Region comprises BC, Alberta and the Yukon. Supports: Construction/renovation, specialized equipment, feasibility studies Maximum funding: Up to 50% of eligible costs Eligibility: Not-for-profit arts and/or heritage organizations operating in a professional manner, provincial/territorial governments and municipal administrations and their agencies or equivalent Indigenous institutions or organizations that have historically demonstrated their support to professional artistic or heritage activities in their communities. Deadline: Continuous intake Application: Guidelines and application form available on PCH website at All prospective applicants must contact their nearest Department of Canadian Heritage office before completing an application.

15 CANADIAN HERITAGE CANADA CULTURAL SPACES FUND Assessment: Applications are assessed and prioritized by departmental staff based on the following criteria: Availability and quality of spaces Access to professional arts and heritage experiences Viability of project and long-term financial impact on organization All recommendations exceeding $75,000 are subject to approval by the Minister of Canadian Heritage. Notable for: Increased funding in and as part of the Government of Canada s commitment to social infrastructure. The Western Region CCSF budget for is $30,447,388, which has been expensed in full on 75 projects ranging from $3,500 to $5 million. Contact: Deborah Meyers, Regional Manager, Arts & Heritage Deborah.Meyers@Canada.ca

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17 MANDATE Real Estate Services Act To undertake and carry out real estate related research, public and professional education and law reform. VISION To support land use and real estate practices that contribute to resilient, healthy communities and natural environments. MISSION The Real Estate Foundation of BC transforms land use attitudes and practices through innovation, stewardship and learning.

18 GRANT FUNDING More than $75 million since 1988 to support sustainable land use initiatives. SPECIAL PROGRAMS REFBC-led projects that contribute to research and collaboration.

19 FIVE INTEREST AREAS Sustainable Land Use Local and Sustainable Food Systems Built Environment Sustainability Freshwater Sustainability Professional Excellence in Real Estate

20 TWO GRANT STREAMS GENERAL GRANTS Funds work in all five program areas. Two intakes a year. Open to any non-profit organization in BC doing projects related to land use. 85% (+) of grants budget. REAL ESTATE INDUSTRY GRANTS Can fund work in all five program areas, but most focus on professional excellence in real estate. One intake per year. Only open to organizations that are part of the real estate industry in BC. 15% of budget reserved

21 INCOME + GRANTS SINCE 2012 $5,000,000 $4,000,000 $4,068,200 $3,818,362 $3,667,391 $3,000,000 $2,728,752 $3,584,575 $2,246,479 $2,847,916 $2,000,000 $2,264,334 $1,908,859 $1,828,301 $1,000,000 $

22 Small Housing BC For research on small housing forms (townhouses, houseplexes, condos, infill) that promote gentle density. Pilot project in the City of Surrey. (2016: $75, : $45,000)

23 POLIS Foundation (at the University of Victoria) For three years of research, implementation and engagement on water law reform in BC associated with the new Water Sustainability Act. (2014: $392,000)

24 Selkirk College For mapping and applied research that helps Columbia Basin-Boundary organizations move toward a coordinated, regional food systems strategy. (2014: $50,000)

25 Kootenay Real Estate Board For speaker costs associated with delivering professional education to real estate board members in (2014: $6,050)

26 Community Futures of Central Kootenay To create a Regional Food Policy Council in the Regional District to develop and implement a coordinated regional food systems strategy. (2016: $40,000)

27 SUSTAINABLE BUILT ENVIRONMENTS

28 REAL ESTATE FOUNDATION BC SOCIAL PURPOSE REAL ESTATE PROJECTS Notable for: $75+ M in funding since 1988; sustainable built environment collaborative; public opinion research Contact: Hedy Rubin, Grants Manager hedy@refbc.com

29 FINDING THE MONEY FINANCING & FUNDING FOR SOCIAL PURPOSE REAL ESTATE PROJECTS Bill Aube, Development Advisor Vancity Community Foundation Debra Bodner, Cultural Planner City of Vancouver Cultural Services Jose Fernandez, Social Planner City of Vancouver Social Policy & Projects Jennifer Johnstone, President & CEO Central City Foundation Deborah Meyers, Regional Manager Arts and Heritage, Department of Canadian Heritage Hedy Rubin, Grants Manager Real Estate Foundation of BC Mandeep Sidhu - Moderator