Stories

Co-ordinating efforts to support housing

When the City of Hamilton recently announced $8.2 million in funding to local non-profits to build more than 800 affordable housing units, it was also a milestone for HCF who works with the City to provide a co-ordinated response to the housing crisis.

Affordable housing is a primary focus of HCF’s local impact investing, supporting housing providers to build and preserve affordable home ownership opportunities, affordable rental housing and supportive housing options. It has provided loans to a number of the projects announced by the City in January, representing 130 units of deeply affordable or supportive housing scheduled to welcome families and individuals by 2027.

These investments are all part of HCF’s SCAFFOLD strategy to support affordable housing efforts, a key part of our strategic plan. SCAFFOLD determines where our philanthropic resources will have the most impact and the best roles we can play in affordable housing. For instance, behind the scenes, HCF supports implementing the City’s Housing Sustainability and Investment Roadmap through multi-year funding for its Housing Secretariat. HCF’s President & CEO Rudi Wallace and Chief Operations Officer/Chief Financial Officer Yulena Wan are members of its advisory committee. We also work with Hamilton is Home, the alliance of community housing providers who share their experiences to make housing investments more effective.

From Legacy Spring 2025 newsletter