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HPC Housing Investment Corporation Completes Inaugural Social Bond Financing for New Construction Lending Program
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TORONTO, March 17, 2021 /CNW/ - HPC Housing Investment Corporation (HIC) is pleased to announce that it closed a C$40 million social bond offering as part of its new Construction Lending Program, that will provide long-term financing for an affordable housing project in Edmonton, Alberta.
First to benefit from this new lending program is Capital Region Housing s Londonderry mixed use redevelopment project. Located in central Edmonton, the redevelopment will replace the existing 80 units with 240 new 2- to 3-bedroom apartments and 1-, 3-, 4- and 5-bedroom townhomes. The project features: