Affordable Housing & Social Enterprise

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Affordable Housing & Social Enterprise

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  • Why are we doing any of this? To create better local economies that include more people. The market if left unfettered does not provide equally for everyone. Community based organizations have evolved and tried to fill gaps.
  • This next project which we will begin to seriously plan in the next couple of months…Mixed$1.3 millionDifferent start up monies… investors
  • Affordable Housing & Social Enterprise

    1. 1. Social Enterprise and Housing<br />A presentation to NBNPHA<br />By Seth Asimakos<br />General Manager<br />Saint John Community Loan Fund<br />May 2010<br />
    2. 2. Social Enterprise and Housing<br />Definition <br />ACCSE defines social enterprise in the following way:<br />Social enterprises are (businesses owned by) non-profit organizations, selling goods or services in the market place for the dual purpose of generating income and creating a social, environmental and /or cultural value.<br />Atlantic Council for Community and Social Enterprise <br />
    3. 3. Why?<br /> In spite of strong ‘economic growth’ in Canada, many communities have seen increasing levels of inequality, disadvantage and decline.<br />Territorial, parts of territories, cultural, linguistic, ethnic<br />Building Local Assets <br />
    4. 4. Our mission<br />To improve social conditions for people living in Saint John by promoting economic independence and fostering entrepreneurship in our community.<br />The Saint John Community Loan Fund helps individuals:<br /><ul><li> create income
    5. 5. build assets
    6. 6. and attain greater self-reliance.</li></ul>Social Enterprise and Housing<br />
    7. 7. 1997 Idea - Urban Core Support Network<br />1998 Development Phase <br />1999 First business loan<br />2000 Incorporation<br />2001 Charitable Status<br />2002 Evaluation<br />2003 Vision<br />Shelter Loan <br />2005Financial Literacy Training Added<br />Affordable Housing and Real Estate Investment<br />Neighbourhood Leadership (Power Up) Training <br />2009Youth Entrepreneurship (YES) Training<br />Asset Building Training and Matched Savings<br />Enterprising Women Training<br />2010 First NPO Loan<br />Development<br />Social Enterprise and Housing<br />
    8. 8. Target<br />The Loan Fund delivers loans<br />to people living in poverty. <br /><ul><li> 50% are working poor
    9. 9. 50% are receiving government assistance
    10. 10. 60% of loans go to women
    11. 11. 95% of training participants are women</li></ul>Social Enterprise and Housing<br />
    12. 12. Products and services<br /><ul><li> Promote community investing</li></ul>Which is converted to:<br /><ul><li> Loans
    13. 13. Training
    14. 14. Housing Development
    15. 15. Enterprise Development
    16. 16. Matched Savings </li></ul>Social Enterprise and Housing<br />
    17. 17. Social Enterprise and Housing<br />
    18. 18. I wish I had taken this course years ago.<br />Money Matter$ students<br />Social Enterprise and Housing<br />
    19. 19. I bike to work, thanks to the Loan Fund<br />Will Belzil <br />Social Enterprise and Housing<br />
    20. 20. Our experience with the SJCLF has been all positive. They helped us in being able to move to a healthier place for our family. <br /> <br />Pamela Crockett & Clifford LeBlanc<br /> <br />Social Enterprise and Housing<br />
    21. 21. Social Development<br />Welcome new beginnings and advocate for their rights<br />
    22. 22. voice<br />Social Enterprise and Housing<br />
    23. 23. Enterprising Women<br /><ul><li>Train women to develop business plans
    24. 24. Launch businesses
    25. 25. Provide ongoing follow-up
    26. 26. National project with funding from Canadian Women’s Foundation</li></ul>Social Enterprise and Housing<br />
    27. 27. Capital<br />Loan Pool<br />100% non-government <br /> investments or donations<br />Loan Loss Reserve<br />100% non-government <br /> donations or fees<br />Operating Revenues<br />38% Contracts<br />17% Non-corporate foundations<br />15% Corporations and their foundations<br />15% Government grants<br />9% Social enterprise<br />8% Misc. including interest<br />Social Enterprise and Housing<br />
    28. 28. Greeting cards<br />Social Enterprise and Housing<br />
    29. 29. We’d been located on the 3rd floor of the Market with our partner, the Human Development Council for 10 years<br /> right here<br />Thank You HDC<br />Social Enterprise and Housing<br />
    30. 30. To this! Yikes…<br />Social Enterprise and Housing<br />
    31. 31. Social Enterprise and Housing<br />
    32. 32. Social Enterprise and Housing<br />
    33. 33. Social Enterprise and Housing<br />
    34. 34. Social Enterprise and Housing<br />
    35. 35. Social Enterprise and Housing<br />
    36. 36. Enterprising Non Profits<br /><ul><li>Coverdale Centre for Women
    37. 37. Housing Alternatives
    38. 38. Stella Bury Community Services, St. John’s
    39. 39. Centre for Social Innovation, Toronto</li></ul>Social Enterprise and Housing<br />
    40. 40. Recent research in Atlantic Canada<br />42% of those surveyed plan to start a new social enterprise<br />Social Enterprise and Housing<br />
    41. 41. Policy Recommendations <br />Provincial governments should consider the following to support growth in social enterprise: <br /><ul><li>loan-security program for SEOs
    42. 42. regional loan pooling and a government guarantee
    43. 43. Tax incentives to leverage investment
    44. 44. support feasibility studies on SEO business plans and should fund ‘proof of concept’</li></ul>Social Enterprise and Housing<br />
    45. 45. Our Next Project<br />Social Enterprise and Housing<br />
    46. 46. Mixed Housing<br />Enterprising non-profits <br />Café?<br />Social Enterprise and Housing<br />
    47. 47. Challenges and recommendations<br /><ul><li>Fee for service that pays total cost
    48. 48. That recognizes overhead cost
    49. 49. For hiring skilled staff
    50. 50. For ongoing staff development
    51. 51. For research and development (innovation)
    52. 52. For evaluation
    53. 53. Flexibility to recognize value in combining building uses
    54. 54. Tax incentives to raise more private capital
    55. 55. Guarantee to enable longer term investments</li></ul>Revenue $<br />Capacity $<br />Investment $<br />Social Enterprise and Housing<br />
    56. 56. Innovation<br />Innovation is about being more effective and efficient in providing goods and services and about finding creative ways to address social and economic problems faced by individuals and communities.<br />Social Enterprise and Housing<br />
    57. 57. Thank You!<br />For more information:<br />www.loanfund.ca<br />www.accse.ca <br />http://seechangemagazine.ca/<br />Mission, Inc.: The Practitioner's Guide to Social Enterprise<br />To contact Seth Asimakos:<br />loanfund@nbnet.nb.ca<br />Social Enterprise and Housing<br />

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