HPC Housing Investment Corporation Completes Inaugural Offering
TORONTO – HPC Housing Investment Corporation (“HI-C”) is pleased to announce that today it closed a C$33.1 million private placement of Senior Unsecured Series Notes (“the Notes”), the proceeds of which will be advanced to provide long term financing for affordable housing projects in Canada. The Canada Life Assurance Company is the sole investor in the Notes. "Canadian affordable housing providers have not historically had access to the low-cost, long- term financing offered
