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Bullboard - Stock Discussion Forum 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... see more

TSX:MPCT.DB - Post Discussion

Dream Impact 5 50 Convertible Unsecured Subordinated Debentures > Toronto passes notion to build 7000 homes
View:
Post by EstevanOutsider on Nov 15, 2024 4:33pm

Toronto passes notion to build 7000 homes

Article from CBC.

- list of approved projects for funding due in December
- City is working with select developers

We know Cooper is one of them along with Dream.

Very few seem to have access to this program.

Seems extremely positive for Impact. I was buying more units today.


Link:
https://www.cbc.ca/news/canada/toronto/toronto-city-council-new-rental-housing-incentive-plan-1.7382964?__vfz=medium%3Dsharebar

Comment by InvestSmarter on Nov 15, 2024 4:46pm
There are very few developers that build PBRs, and even fewer that figured out how to build affordable. For the last 20+ years, the City of Toronto has built almost no PBRs, as shown on the graph below. Developers were building to sell, and did not have the management or were not geared toward purpose built rentals. Dream is going to be one of the, if not the largest beneficiary of this program ...more  
Dream Impact 5 50 Convertible Unsecured Subordinated Debentures
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