How an $18.6 million dollar fund helps community organizations beat speculators and own their own spaces
Why It Matters
The real estate crisis is forcing community organizations to devote more and more of their funding to rent at a time when demand for their services is growing. Moving isnโt an option for community-based organizations who need to be where their clientele is, but innovative social finance could provide solutions.
After a decade worrying about unpredictable rent increases and eviction, Plein Milieu is the proud owner of the building it once rented.
The Montreal drop-in centre, located in the heart of Plateau Mont-Royal, bought the multi-story building nine months ago and says the acquisition will positively impact its finances, its staff and its clients. Employees from its five current locations will be consolidated at the newly purchased St. Denis building.
โWe are a drop-in centre for people who use drugs and a distribution centre for injection and inhalation equipment,โ says executive director Line St. Amour, adding the organization will now be able to stay open into the evening to better serve vulnerable populations, giving 3,200 clients access to a bathroom and shower. A wa
Join a community of 2000+ impact-oriented professionals like you. Get full access to this story and all Future of Good content, including tickets to our digital events and networking, with a membership.
Already have an account? Sign in.
