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
Meeting the needs of community housing: expectations for the Fonds PLANCHER
On May 14, a governance workshop attended by 90 people was held to lay the democratic foundations of the PLANCHER Fund. We used this opportunity to gather participants' expectations of the fund, its potential and the role they would like to see it play in Quebec’s...
What kind of governance for a collective impact? Reflections on the workshop and on the democratic foundations of the PLANCHER Fund
The governance workshop in May marked the establishment of the fund’s Foundation Board of Directors. Since then, the Board has been diligently preparing for a Foundation general meeting, which is set to take place this autumn. As its name implies, the workshop was an...
PLANCHER – First meeting of founding members
The PLANCHER Fund continues to lay the groundwork with its first meeting of founding members, held on the 19th of June. Those in attendance during the meeting appointed 11 members to the Founding Committee. The committee, in collaboration with the Community Housing...