Winnipeg Jets chairman Mark Chipman listens to a question during a press conference in Winnipeg, Tuesday, Nov. 2, 2021. (THE CANADIAN PRESS/Fred Greenslade)
The Collaborative Housing Alliance REIT has secured its first major private investment — a combined $7 million from True North Sports + Entertainment and the Mahon Family Foundation.
The donation was announced at a news conference at the Canada Life offices in Winnipeg on Tuesday in an effort to advance affordable housing in Manitoba.
“The challenges facing many Manitobans are complex, but housing is a powerful starting point for change,” said Mark Chipman, executive chairman and governor, TNSE, in a statement.
“This investment reflects our shared belief that everyone deserves a safe place to call home—and for lasting solutions, we must build them together.”
True North is contributing $5 million, while Paul and Anne Mahon are investing $2 million through their family foundation.
CHAR president and CEO Shawn Alwis called the investment a “transformative step” toward long-term housing solutions for Manitobans in need.
“It reflects not only the vision of these remarkable Manitobans, but also their compassion for those who are struggling,” Alwis said.
CHAR is currently formalizing commitments for two projects totalling 48 transitional housing units and plans to issue an expression of interest to not-for-profit organizations for additional affordable housing developments across the province.
