Industry: Real Estate & Construction

In a real estate market as competitive as Toronto’s, the demand for affordable housing solutions has never been higher. A construction company recently took on the challenge of renovating a fixer-upper property, transforming it into 16 modern housing units. Their goal? To provide affordable housing while ensuring the project remained profitable. To bring this vision to life, the company needed financial backing, and that’s where Grantuity stepped in to help secure the necessary funding.

The project aimed to balance both the pressing need for affordable housing and a strong business model for the client. With Grantuity’s expertise, the company was able to navigate the complex funding landscape and find the right opportunities to make the project feasible.

Grantuity started by identifying the Canada Mortgage and Housing Corporation (CMHC) Seed Funding program as the ideal funding source for the project. This program offered the perfect fit for the construction company’s goals. Grantuity then took the lead in developing a detailed project proposal and feasibility study, ensuring the project met all the necessary criteria to secure the funding.

But the assistance didn’t stop there. Budget management played a crucial role in aligning the project’s financial structure with CMHC’s funding priorities. Grantuity helped create a structured financial plan that not only demonstrated the project’s profitability but also its long-term impact on the affordable housing market.

Thanks to Grantuity’s contributions, the construction company successfully secured $500K in Seed Funding from CMHC. This critical funding allowed them to begin renovations on the property, setting the stage for the creation of 16 modern, affordable housing units in Toronto. As the project progresses, the client plans to apply for additional funding through the Affordable Housing Fund, ensuring the long-term success and sustainability of the development.

This project stands as a cornerstone of the company’s efforts to create affordable housing while ensuring a profitable return on investment. By addressing the dual goals of affordability and profitability, the construction company is not only contributing to the community but also strengthening its business model.

Grantuity’s role in securing funding, developing project proposals, and managing budgets has been instrumental in moving this project forward. As housing demands continue to grow in cities like Toronto, projects like this showcase how a well-planned approach can make a meaningful impact in addressing both market needs and business objectives.