Fiducie du Chantier de l’économie sociale — Prêts de capital patient en immobilier

📋 Eligible Entities - Social economy enterprises (primary focus) - Cooperatives (housing, worker, and other cooperative models) - Non-profit organizations with social missions - Community-based organizations operating in Quebec - Enterprises demonstrating social and economic objectives - Organizations must be legally established and in good standing - Entities must demonstrate capacity to repay the patient capital loan ### 💰 Funding Details - Loan Amount: $50,000 to $2,500,000 - Coverage Rate: Finances up to 31.5% of direct real estate project costs - Loan Type: Patient capital loan (subordinated debt with flexible repayment terms) - Interest Rate: Below-market rates reflecting social mission - Repayment Terms: Extended timelines with graduated payment schedules - Non-Repayable Component: Portion may be forgivable based on social impact metrics - Matching Requirement: Borrower must secure remaining 68.5% of project costs through other sources (personal investment, bank financing, other grants) ### 🛠️ Approved Expenses - Land acquisition for real estate projects - Building purchase and ownership transfers - New construction of social economy facilities - Major renovations and rehabilitation of existing structures - Infrastructure improvements directly tied to property assets - Warehouse and commercial space acquisition for social enterprises - Housing projects for cooperatives and non-profits - Direct costs only (excludes soft costs, professional fees, and indirect expenses) ### ⚠️ Conditions & Milestones - Social Impact Requirement: Clear demonstration of social and economic benefits to community - Project Viability: Detailed business plan and financial projections required - Governance Standards: Comply with social economy governance principles - Reporting Obligations: Annual financial and impact reporting throughout loan term - Loan Security: Mortgage or other security interest on financed property - Cost Documentation: All project expenses must be substantiated with invoices and receipts - Timeline Compliance: Project completion within agreed-upon milestones - **Use of Funds