Working together is the best way to tackle the crisis. In our society, however, collective land ownership is put at a disadvantage by many tax and civil laws, while private and speculative land ownership is encouraged and supported.
Plancher is proposing to revolutionize this by giving the community sector the same advantages enjoyed by the for-profit sector.
The Plancher Fund is the culmination of a large-scale conversation involving many stakeholders in Quebec’s community housing sector. Asset pooling has quickly become the way forward in order to:
Transform financing methods for affordable housing in Quebec
Provide access to housing outside the speculative market for a growing number of people
Create a fund to boost affordable and community housing
The Plancher Fund suggests pooling the real estate assets of housing cooperatives and non-profits to boost the power of community housing. It would be possible to maintain and increase the number of social and community housing units with greater agility and more resources.
The Plancher Fund will make it possible to:
Change the scope
of our operations
Simplify project
development mechanisms
Create leverage equal to our ambitions
through mutualisation
- Renovation projects carried out by participating cooperatives and NFPOs
- Acquisition of buildings dedicated to community housing
- Construction of community housing and land reclamation projects
Benefits for all Plancher Fund stakeholders
Housing cooperatives and NFPOs
Put the money dormant in the brick and mortar of your buildings to work to generate income and savings.
- Generate a return of 1% of the value of the properties you invested in the fund
- Take out renovation loans at interest rates that are 1% to 1.5% below market rates
Community housing developers
Benefit from financing that simplifies and fast-tracks your acquisition and construction projects.
- Take out loans at interest rates that are 1% to 1.5% below market rates
- Take advantage of an enhancement fund to support land acquisition and development costs
- Access forgivable loans
Municipalities
Simplify, fast-track and change the scale of your intervention:
- Enjoy a bonus on your investments. For every dollar invested, Plancher allocates five to local projects
- Finance projects in your area according to your contribution to the fund
- Speed up the turnover of acquired land with the right of first refusal
Complementary investors and financial institutions
Help fight the housing crisis by investing in Plancher :
- Support the large-scale development of community housing
- Increase your business opportunities with value-adding loans
- Meet your ESG objectives through a simple investment solution
News about the Plancher Fund
The PLANCHER Fund – First annual general meeting
The first annual general meeting of the PLANCHER Fund was held on November 4, 2024, in person in the City of Quebec and online. Attendance was high, bringing together key players in Quebec's community housing sector. The Fund already boasts nearly 40 members, each of...
Ambitions, concerns, and recurring topics: the sector reviews priorities for the PLANCHER Fund
On May 14th, a governance workshop was held to reflect on the democratic operating principles of the PLANCHER Fund. It also led to the creation of a foundation board of directors whose mission is to prepare for the fund’s founding assembly on November 4th. The...
PLANCHER fund founding general meeting
Quebec's community housing sector is invited to the PLANCHER Fund's Founding General Meeting on November 4, 2024, from 4 to 5 p.m., at Hôtel Le Concorde in Quebec City, and online. The event will be held in conjunction with the RQOH symposium “Parce que l'avenir nous...