Affordable Housing & Social Enterprise

1. Social Enterprise and Housing A presentation to NBNPHA By Seth Asimakos General Manager Saint John Community Loan Fund May 2010

2. Social Enterprise and Housing Definition ACCSE defines social enterprise in the following way: Social enterprises are (businesses owned by) non-profit organizations, selling goods or services in the market place for the dual purpose of generating income and creating a social, environmental and /or cultural value. Atlantic Council for Community and Social Enterprise

3. Why? In spite of strong ‘economic growth’ in Canada, many communities have seen increasing levels of inequality, disadvantage and decline. Territorial, parts of territories, cultural, linguistic, ethnic Building Local Assets

5. build assets

6. and attain greater self-reliance.Social Enterprise and Housing

7. 1997 Idea - Urban Core Support Network 1998 Development Phase 1999 First business loan 2000 Incorporation 2001 Charitable Status 2002 Evaluation 2003 Vision Shelter Loan 2005Financial Literacy Training Added Affordable Housing and Real Estate Investment Neighbourhood Leadership (Power Up) Training 2009Youth Entrepreneurship (YES) Training Asset Building Training and Matched Savings Enterprising Women Training 2010 First NPO Loan Development Social Enterprise and Housing

9. 50% are receiving government assistance

10. 60% of loans go to women

11. 95% of training participants are womenSocial Enterprise and Housing

13. Training

14. Housing Development

15. Enterprise Development

16. Matched Savings Social Enterprise and Housing

17. Social Enterprise and Housing

18. I wish I had taken this course years ago. Money Matter$ students Social Enterprise and Housing

19. I bike to work, thanks to the Loan Fund Will Belzil Social Enterprise and Housing

20. Our experience with the SJCLF has been all positive. They helped us in being able to move to a healthier place for our family. Pamela Crockett & Clifford LeBlanc Social Enterprise and Housing

21. Social Development Welcome new beginnings and advocate for their rights

22. voice Social Enterprise and Housing

24. Launch businesses

25. Provide ongoing follow-up

26. National project with funding from Canadian Women’s FoundationSocial Enterprise and Housing

27. Capital Loan Pool 100% non-government investments or donations Loan Loss Reserve 100% non-government donations or fees Operating Revenues 38% Contracts 17% Non-corporate foundations 15% Corporations and their foundations 15% Government grants 9% Social enterprise 8% Misc. including interest Social Enterprise and Housing

28. Greeting cards Social Enterprise and Housing

29. We’d been located on the 3rd floor of the Market with our partner, the Human Development Council for 10 years right here Thank You HDC Social Enterprise and Housing

30. To this! Yikes… Social Enterprise and Housing

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37. Housing Alternatives

38. Stella Bury Community Services, St. John’s

39. Centre for Social Innovation, TorontoSocial Enterprise and Housing

40. Recent research in Atlantic Canada 42% of those surveyed plan to start a new social enterprise Social Enterprise and Housing

42. regional loan pooling and a government guarantee

43. Tax incentives to leverage investment

44. support feasibility studies on SEO business plans and should fund ‘proof of concept’Social Enterprise and Housing

45. Our Next Project Social Enterprise and Housing

46. Mixed Housing Enterprising non-profits Café? Social Enterprise and Housing

48. That recognizes overhead cost

49. For hiring skilled staff

50. For ongoing staff development

51. For research and development (innovation)

52. For evaluation

53. Flexibility to recognize value in combining building uses

54. Tax incentives to raise more private capital

55. Guarantee to enable longer term investmentsRevenue $ Capacity $ Investment $ Social Enterprise and Housing

56. Innovation Innovation is about being more effective and efficient in providing goods and services and about finding creative ways to address social and economic problems faced by individuals and communities. Social Enterprise and Housing

57. Thank You! For more information: www.loanfund.ca www.accse.ca http://seechangemagazine.ca/ Mission, Inc.: The Practitioner's Guide to Social Enterprise To contact Seth Asimakos: loanfund@nbnet.nb.ca Social Enterprise and Housing