VanCity Community Investment Bank on Understanding Community-First Financing Models

Vancity Community Investment Bank (VCIB), born from Vancity’s community-first finance model, is a values-driven bank on a mission to finance a sustainable tomorrow. In this episode, we learn more about how VCIB is creating lasting change in communities through financing for social purpose real estate, their acquisition of CoPower, and simplifying investing for the future.

“Last year in 2019 we added over 17 new social purpose real estate loans to our portfolio, these are predominantly mortgages to organizations driving social purpose real estate projects that represented over 600 new units of affordable housing predominantly in Ontario and over 300,000 sq feet of social purpose real estate, including things like co-working spaces and cultural spaces” Lars Boggild, Investment Product Manager for VCIB