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Back in 2012, Central City Foundation approached Vancity and Vancity Community Foundation about financing the purchase of a building in New Westminster. Central City Foundation was interested in providing a low cost lease option to a local non-profit, Aunt Leah’s.
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For the last quarter century, Vancity Community Foundation has been creating impact in a number of forward-thinking ways. One such example is by making Program Related Investments (PRI), whereby we provide direct loans to organizations investing in real estate. As a result, every month, these organizations get closer to owning their buildings outright, and we see returns on these crucial...