Jubilee Fund investors help create affordable housing and employment opportunities in Winnipeg’s North End.
The North End Housing Project Inc. is a non-profit organization with an objective to purchase and renovate older houses and then lease them to local residents. This creates a pool of quality, affordable housing in the North End and local employment.
Most of the rehabilitated homes are being rented with an option to purchase after five years. Local residents receive trades training in the process of doing the renovations. All three levels of Government provided subsidies to help cover the costs.
In 2002, Jubilee Fund investors helped the project secure mortgage and renovations financing for four homes.
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