The Social Housing Investment Program enables housing providers to effectively invest capital reserves and operating dollars – such as last-month’s rents and member deposits. The Program is administered by Encasa.
Encasa Financial (formerly SHSC Financial Inc.) is a registered Investment Fund Manager, created specifically to manage the investment of pooled capital reserves of non-profit and co-operative housing providers.
In October, 2014, the investment base of Encasa was broadened through an expansion of its ownership. Under the new ownership model, Housing Services Corporation (HSC) retains 40% of Encasa’s issued and outstanding shares and three new partners – the Co-operative Housing Federation of Canada (CHF Canada), the Co-operative Housing Federation of BC (CHFBC) and BC Non-Profit Housing Association (BCNPHA) – have each acquired 20% of the outstanding shares.
As of September 30, 2016, approximately 870 housing providers invested more than $516 million in our funds.