Skip to main content
    Find a Branch

    Helping Provide safe and affordable housing in our communities.

    Start investing in an Affordable Housing GICTM or start your Affordable Housing Loan Pre-Screen today!

    Meet with us to get started

    With Canada's first Affordable Housing GICTM you earn a guaranteed, competitive rate while helping to address the affordable housing crisis. This impact investment supports loans to providers of long-term, permanent affordable housing.

    ​​
    ​​

    Affordable Housing Loans are available to not-for-profit or for-profit organizations developing or providing long-term, permanent affordable housing. These loans are supported by the Affordable Housing GIC impact investment.

    Creating Safe and Affordable Housing is important to us!

    One of Kindred’s Social Impact themes, Housing, is focused on safe and affordable housing. This theme includes the affordability of housing for first-time home buyers, those on fixed incomes, supporting those accessing emergency shelters, and transitional housing which is critical to all our communities.

    Within this housing continuum, Canada’s first Affordable Housing GIC is focused on addressing rental housing and home ownership.

    You can help with the affordable housing crisis in our communities.

    Kindred Credit Union and WRCF partnered to develop an innovative solution that has the potential to make a difference for people in the communities we serve to find a place to call home.

    Affordable Housing Loans for Organizations

    Affordable Housing Loans are available to not-for-profit or for-profit organizations developing or providing long-term, permanent affordable housing. These loans are supported by the Affordable Housing GIC impact investment.

    Organizations in the Waterloo Region interested in applying for a loan can begin the process by completing WRCF’s online pre-screen application. Selecting “Affordable Housing” at question 15 provides the option of applying for a loan through Kindred, as well as the potential of receiving WRCF funding. By completing this pre-screen application, you could also benefit from WRCF’s affordable housing experience and resources. Get started on your pre-screen application by clicking the button below.

    Organizations outside of the Waterloo Region interested in applying for a loan can begin the process by meeting with one of our Account Managers.

    Meet with an Account Manager
    ​​
    Waterloo Region Community Foundation

    Our Partnership with WRCF

    We originally partnered with Waterloo Region Community Foundation (WRCF) to support the creation and retention of affordable housing through this innovative GIC. Kindred and WRCF each bring value to this unique partnership with the GIC and loan products held through Kindred. To learn more about WRCF, visit wrcf.ca.

    How Does it Work?

    Canada’s first Affordable Housing GIC is open to all investors, and only available through Kindred. The GIC is available for a 4-year term at Kindred’s posted rate. Tiered rates are offered based on the amount invested. There is a minimum of $500 required. Investors earn a fixed-rate of interest on the principal amount they invest and have the convenience of choosing if it is reinvested or paid to a Kindred account. The product is eligible for non-registered, RRSP, RRIF, and TFSA accounts.

    1. Invest to Support Affordable Housing

    Invest in the Affordable Housing GIC. You’ll earn a competitive interest rate while supporting lending for long-term, owned or rented permanent affordable housing.

    2. A Pool of Deposits is Built Up

    As a pool of deposits is built up, we’ll work with our community partners to assess potential affordable housing providers to support lending for long-term, owned or rented permanent affordable housing projects.

    3. Loans are Provided

    Loans are provided from the GIC deposit funds to impactful housing projects. Although dollar-for-dollar matching may not be achievable, Kindred will seek to provide loans approaching the value of the GIC deposits.

    The Affordable Housing GIC and Loan is making a positive impact!

    We invite you to read the blogs and testimonials below about the Affordable Housing GIC and Loan. In addition to the total dollars funded to affordable housing projects, we look at the projects we participate in, the number of individual housing opportunities created, and the individuals and families impacted. As new projects come to fruition, we will be sharing new posts with inspirational and exciting updates!


    ​​

    It’s easy to start investing!

     
    1

    Book a Meeting with a Financial Advisor. We can meet with you in person, over the phone, or online.

    2

    We’ll discuss which investment options best fit with your financial plan, and walk you through the steps to get started.

    3

    Earn interest on a competitive GIC while helping support affordable housing in your community.

    Meet with a member of our Wealth and Investment Team 

     for investing advice with values at the core. Learn how Canada's first Affordable Housing GIC can fit into your financial plan.

    Book Your Meeting Today
    Select Image


    You can find us on social, join the conversation!

    ​​Kindred Credit Union© 2025 Kindred Credit Union. All rights reserved.  Inspiring peaceful, just, and prosperous communities