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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

Post by InvestSmarteron Dec 13, 2024 1:48am
143 Views
Post# 36360393

December 17th Agenda Updated

December 17th Agenda Updated

See below or read it yourself (On the December 17th Agenda):

https://secure.toronto.ca/council/report.do?meeting=2024.CC24&type=agenda
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CC24.16 - Advancing Phase One of the Purpose-built Rental Housing Incentives Stream

Consideration Type:
 
ACTION
Wards:
 
All

Origin

(December 10, 2024) Report from the Executive Director, Housing Secretariat

Recommendations

The Executive Director, Housing Secretariat recommends that:  

 

1. City Council receive this report for information.

Summary

On November 13-14, 2024, City Council adopted EX18.2 - Build More Homes: Expanding Incentives for Purpose Built Rental Housing report endorsing a new stream under the Rental Housing Supply Program to support purpose-built rental housing developments across the city. City Council directed staff to launch a Quick Start Call for Applications to support 7,000 new rental homes including at least 1,400 affordable rental homes, and report directly to City Council on December 17-19, 2024 with an update on the results of the Call for Applications.

 

The Call for Applications for Purpose-built Rental Housing Incentives stream opened on November 18 and closed on November 29, 2024. Staff are currently reviewing the applications and will prepare a report to be considered by City Council, providing an update on the Call for Applications and a summary of any applications approved.

Background Information

(December 10, 2024) Report from the Executive Director, Housing Secretariat on Advancing Phase One of the Purpose-built Rental Housing Incentives Stream (CC24.16)
https://www.toronto.ca/legdocs/mmis/2024/cc/bgrd/backgroundfile-251469.pdf
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