About Us

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 December 31, 2016, approximately 870 housing providers invested more than $519 million in our funds.

The benefits of the Social Housing Investment Program include:

  • giving providers a wider range of investment funds for their money, with both long and short-term investments
  • access to professional money management and expert advice
  • access to individuals who know social housing as well as those who understand the investment world
  • a low management expense ratio
  • funds designed to meet providers’ needs and interests
  • the ability to adapt to changing needs over time
  • funds overseen by a board where providers are represented
  • the opportunity to link investments with education and training to meet providers’ needs
  • specialized communications to support the program