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Dream Impact 5 50 Convertible Unsecured Subordinated Debentures T.MPCT.DB

Alternate Symbol(s):  T.MPCT.DB.A

Dream Impact Trust is a Canada-based open-ended trust dedicated to impact investing. The Company operates through two segments: Development and investment holdings, and recurring income. The Development and investment holdings segment comprised direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables. The Recurring income segment comprised a portfolio of commercial real estate income properties and multi-family rental assets in the Greater Toronto Area (GTA) and Ottawa/Gatineau, a utility asset, and interest-paying corporate loans. The Company is managed by Dream Asset Management Corporation (DAM).


TSX:MPCT.DB - Post by User

Dream Impact 5 50 Convertible Unsecured Subordinated Debentures
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Post by InvestSmarteron Nov 13, 2024 3:13pm
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Post# 36310924

Olivia Chow on Twitter Now

Olivia Chow on Twitter NowOlivia Chow (Toronto Mayor) statement on X/Twitter

https://x.com/MayorOliviaChow/status/1856785884261032431

People in Toronto need more rental housing now. So, we’re taking the steps to make it happen.

Today, City Council took bold action to help kick start the building of 7,000 rental homes. Housing starts in September this year are down 81% compared to last year.

Why? The short answer is that the math doesn’t work for new rental homes. So we’re stepping in to get things moving.

How?

1 Builders will submit their plans to build projects that include affordable housing and we’ll waive development charges to help get shovels in the ground in the next year. We need these projects to get built as soon as possible.

2 We’re lowering property taxes on all new purpose-built rental homes to encourage lower rents and help spur further construction going forward.

3 We’re calling on the federal and provincial governments to step up to help out further. With their participation, instead of 7,000 new rentals, we can build 20,000.
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