Affordable Housing Fund
KingSett Affordable Housing Fund invests in the creation of high-quality housing to address the escalating issue of housing affordability in Canada. The Fund seeks stable, risk-weighted returns by scaling a portfolio of urban housing communities with a meaningful affordability component. Investments include zero-carbon development projects and income-producing properties that are operated in partnership with community agency groups.
Risk-Return Profile: Value-Added
Structure: Open-Ended
Investor Types: Institutional, Family Office
2020
Inception
$1.0B+
Investments Owned & Approved
3,130
Total Housing Units Owned & Approved
2020
Inception
$1.0B+
Investments Owned & Approved
3,130
Total Housing Units
Owned & Approved
Investment Thesis & Strategy
Housing Affordability Challenges
Rising rents in major markets are outpacing income growth, making housing less affordable. Under significant pressure to address this issue, all levels of government are working toward deploying new programs.
Housing Supply/Demand Imbalance
Canada faces a persistent housing shortage as new construction lags population growth. Regulatory hurdles and lengthy approvals – especially in high-density urban areas – has further slowed development.
Scalable, Purpose-Built Housing Expertise
Since the Fund’s inception in 2020, KingSett has developed relationships and specialized expertise in navigating a complex landscape to deliver scale, high-quality, purpose-built multi-residential housing with a meaningful affordable component.
High-Quality, Sustainable Housing Product
In addition to addressing affordability, the Fund is committed to sustainability through the development of zero-carbon design projects and implementation of geothermal systems.
35%
CREIF SBTi Carbon Reduction by 2027
3.5M sf
Net-Zero
Real Estate
1,180
New Affordable
Housing Units
Featured Investments
West Square Phase 1 is a revitalization project located in the Islington-City Centre West neighbourhood in Etobicoke. The development aims to create a purpose-built rental community comprising 172 affordable units and 322 market units. The site will also feature office space, community agency space, and a public park. The project is designed to meet the CAGBC Zero Carbon Building - Design Standard.
WEST SQUARE (VALHALLA VILLAGE) PHASE 1
Toronto, ON
West Square Phase 2 is designed to further enhance the vibrant community established in Phase 1. This project introduces two towers, collectively offering more than 250 affordable units alongside 391 market units. The project is also designed to meet the CAGBC Zero Carbon Building - Design Standard.
WEST SQUARE (VALHALLA VILLAGE) PHASE 2
Toronto, ON
50 Wilson Heights is a transit-oriented project on City of Toronto “Housing Now” lands. Our investment, in partnership with Greenwin, features three 17-storey towers connected by a seven-storey podium and a two-level underground parking garage. It will deliver 767 rental suites, split evenly between affordable and market-rate units. Planned facilities include a childcare centre, parkland, retail, office spaces and community areas. The project aims to meet the Toronto Green Standard and will incorporate a geothermal energy system.
50 WILSON HEIGHTS
Toronto, ON
Birchmount Green, situated at the intersection of Birchmount Road and Lawrence Avenue East, comprises 220 purpose-built, high-quality affordable and supportive housing suites. 93 units are allocated across five community agency groups.
BIRCHMOUNT GREEN
Scarborough, ON
Contact Us
Fund Manager
Investments
Investor Relations
Aliyah Mohamed
Chief Capital Officer
416 687 6703
Jeff Thomas
Group Head, Development
416 687 6786
Matthew Johnson
Managing Director, Investments
416 687 6783
