The Social Housing Investment Program offers housing providers three mutual funds tailored to their needs and situation:
| Social Housing Canadian Short-Term Bond Fund | High quality bonds of Canadian governments and corporations that conduct themselves in a socially responsible manner. Average term to maturity is between one to five years. |
| Social Housing Canadian Bond Fund | High quality bonds of Canadian governments and corporations that conduct themselves in a socially responsible manner. Average term to maturity is five to twelve years. |
| Social Housing Canadian Equity Fund | Common shares of Canadian and foreign companies that conduct themselves in a socially responsible manner. Maximum of 40% may be invested in non-Canadian securities. |
The funds are managed by respected Canadian financial advisers Phillips, Hager & North Investment Management, an operating division of RBC GAM. Investments in the short-term bond, bond, and equity funds are submitted to an ethical screening process. Companies involved with alcohol, tobacco, and military weaponry are avoided, while those with a strong environmental and labour background are preferred.
For investment funds advice and information, please contact the distributor PH&N Investment Services at 1-888-771-7473 or email shsf@phn.com
The Social Housing Reform Act, 2000 requires that prescribed non-profits and co-ops invest their capital reserve funds through the Social Housing Investment Program. For details, please refer to the act and related regulations.
Fund performance is reported in major newspapers. Providers who have invested in the funds can check the status of their account and their returns by viewing your account.