SAINT JOHN NON PROFIT HOUSING

STAYING ON MISSION AND SOCIAL INNOVATION

Strategic Review

Change organization culture from one of dependence on government housing development programs to independence from housing programs.

Saint John Non Profit Housing Inc.

• Be Innovative• Be Entrepreneurial• Be Focused• Take Calculated Risks• Ensure Financial

Sustainability

SJNPH’s Recipe

Decrease Capital Cost

Increase Equity

Financial Sustainability

40-44 St. James Street1998 – 2000

Subdivided existing lot

Used existing project design

Housing Infill Program

One time capital grant

Rent Supplement Program

20 Year Mortgage

Partnership with Carpenters Training Centre

2005

Partnership with Carpenters Training Centre

Broadview AvenueMain Street

20072006

Leinster Court

Development Site 2003

Leinster Court Goals

• Prove to private developers and banks that despite the high vacancy rate, there was a market for high end units in Saint John.

• Mixed income housing works.

• Develop an apartment complex that would be constructed to standards other developers would emulate.

SJNPH’s Recipe

Decrease Capital Cost

Increase Equity

Financial Sustainability

Leinster Court Concept 2003

Final Concept 2006

Leinster Court2009

• SJNPH started with a strategic vision in 1995 of achieving financial sustainability for the organization as a whole.

• We demanded that each project not only stand on its own but also contribute to the financial viability of future projects.

• Our vision is now becoming a reality giving SJNPH the ability to develop future projects with much more flexibility.

Invest in Yourself

• SJNPH adopted a strategy of using its unrestricted surplus funds to pay down its project mortgages.

2 Newman Street 2013

“ Your Organization Name Here”

• Have a plan• Be Innovative• Be Entrepreneurial• Be Focused• Take calculated risks• Ensure Financial

Sustainability• Take baby steps toward

your long term goals

THANK YOU