Trillium Housing Welcomes Federal Government Investments in Homebuyers

Trillium Housing provides the most cost-effective delivery of housing affordability in Canada.
TORONTO - June 19, 2019 - PRLog -- Trillium Housing, the organization providing the most cost-effective delivery of housing affordability in Canada, welcomes the official launch today of the Shared-equity Mortgage Provider (SEMP) Fund.  The Fund will invest in mortgages like the Trillium Mortgage and help support the delivery of housing affordability to middle class Canadians.

"The federal Budget adopted the Trillium Mortgage for its own!" says Joe Deschênes Smith, principal at Trillium Housing.  Trillium Housing has a new project under construction in Toronto where it is providing its shared-equity Trillium Mortgages to over half the home buyers.  Those families had average household incomes in the mid $60,000, well below the federal program threshold of $120,000.  Not only did Trillium Housing achieve these results, it did so while purchasing a surplus TTC site from the City of Toronto at full market rates and paying full development charges.  The development includes 62 stacked townhomes units which will front on all four sides of the block and integrates improved landscaping, completing the block and enhancing the corner of Bicknell and Rogers Road.

"Unique in Canada, the Trillium Housing assessment of each family's financial status and housing need results in a "right-sizing" of the Trillium Mortgage to best match our family's individual needs." said Deschênes Smith.

The SEMP Fund announced today that $100 million will support non-profits already active in the delivery of shared-equity mortgages.  The team at Trillium Housing is the most experienced group with various shared-equity mortgage products and has led the way in bringing innovative financing models to housing affordability in Canada.

The Trillium Housing team has decades of experience in every aspect of housing delivery – from land acquisition and approvals, design and construction, and finance and operations, to achieve innovative products and public policy.

"We have 4 projects immediately available, in Toronto, Hamilton and Pickering, where we can work with CMHC to deliver the SEMP Fund and that it will leverage more investments by our impact investor partners.  We know there is a huge market for a well-balanced and risk appropriate Trillium Mortgage Fund – the new federal program could help us bring a lot more financing for housing affordability." according to Deschênes Smith.

"We are also very excited that more Canadians will achieve their dream of home ownership with the federal government's new First-Time Home Buyer Incentive, which replicates our Trillium Mortgage." added Deschênes Smith.  The new federal program will also replicate several of the features of the Trillium Mortgage, including: regular payment-free, a family income limit, a 25 year maximum term and shared-appreciation.

"Our mission is to create housing affordability" said Joe Deschênes Smith. "Our development model and housing affordability tools are unique in Canada and ready to be scaled up to deliver housing affordability to many more Canadians.  Today's announcement will help us do that".


The founders of Trillium Housing are Joe Deschênes Smith, Richard Owen and Fred Heller who have over 100 years of combined experience in all aspects of the real estate industry in Canada including land acquisition and development, zoning and permitting, design, sales and marketing, financing, construction and the underwriting and administration of mortgages.


To learn more about Trillium Housing, go to


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