The Housing Prosperity Fund is a values-aligned finance vehicle purpose-built to serve Canada's most underserved families. It funds both the building and long-term sustainability of affordable housing. We're currently building our first project and seeking philanthropic & impact investment capital.
Affordable 2+ bedroom units are chronically undersupplied across Canada, leaving extended and multi-generational families overcrowded, priced out, or scattered across multiple units when they need to be together. This fund prioritizes housing for larger+extended families, by emphasizing bedroom count over unit count.
Interest-based debt is the default financing structure for affordable housing in Canada, cutting off values-driven organizations, co-ops, and faith communities that can't take on interest-bearing debt, including from federal grant programs that condition support on it. This fund fixes that through an equity approach that shares profit and risk with investors; letting more communities participate in finding housing solutions.
Values-aligned investors have very few institutional-quality, stable, semi-liquid investment options in Canada. HalalHalal finance is based on shared reward and risk. It avoids societal harms and focuses heavily on real assets. Like halal food, halal finance isn't just for Muslims. options are especially scarce despite the segment representing a significant and growing pool of capital seeking real-asset exposure. This fund offers impact investors stable returns and semi-liquidity while tackling SDG priorities.
Most affordable housing financing covers construction only, leaving no dedicated source of revenue for long-term operations. Restricted philanthropic giving, like the roughly half a billion dollars in zakatZakat is a direct wealth transfer to those in need. In Canada it's estimated at ½B per year. Canadian Muslim communities distribute each year, has never been channeled toward solving that gap. This fund fixes that with an unprecedented, ongoing rent-supplement model.
This fund is structured as a 4P partnership: Public capital from the City of Edmonton and other levels of government, Private capital from impact investors, Philanthropic capital from zakatZakat is a direct wealth transfer to those in need. In Canada it's estimated at ½B per year. and charitable giving, and People, the communities this housing serves. Four distinct kinds of capital, working through one integrated structure.
IslamicFamily is a registered Canadian charity, Imagine Canada accredited. For more than 40 years it has provided award winning social services to communities in need. IslamicFamily led the two-year CMHC-funded Halal Housing Lab, Canada's first national research initiative on halal affordable housing, and is the originating force behind this fund.
islamicfamily.ca →SVX is Canada's foremost impact investment institution, connecting purpose-driven organizations with values-aligned capital. SVX is responsible for structuring, developing, and managing the Housing Prosperity Fund, bringing the legal architecture, investor testing, and institutional relationships needed to bring this vehicle to market. The Fund has been selected for the SVX Impact Index+ for its commitment to impact, governance, and financial excellence.
svx.ca →Build Edmonton Homes (BEH) is the development and construction partner bringing the Dunluce project to life on the ground in Edmonton. Build Edmonton Homes brings the on-ground expertise to deliver housing that is designed specifically for larger and extended families, with construction already underway. BEH is part of the Vivid Group of Companies.
buildedmontonhomes.ca →
National recognition for the Halal Housing Lab research initiative, producing Canada's first open-source guide to halal affordable housing development.
Alberta Professional Planners Institute recognized the Halal Housing Lab as the province's outstanding planning project.
The Halal Housing Lab was funded by CMHC as a national innovation project, resulting in a published open-source guide and presentations to the CMHC Board of Directors.
I came to this country with nothing and found a city that invested in me. Now it's time for community, impact investors and government to invest in the families waiting the longest for affordable housing. IslamicFamily & Vivid Homes are leading that charge, innovating on how we build while never losing sight of the community we build for.
Most affordable housing financing in Canada runs on interest-bearing debt, a structure that quietly locks out some of the most motivated capital in the country. Institutions and communities that collectively hold hundreds of millions in restricted, values-driven capital have been structurally excluded from building the housing they care about most.
This is also an invitation. Institutions locked out of Canada's debt-based housing system can do two things at once here: help build affordable housing today, and help fund an ongoing, community-based rent supplement, a source of operating capital that doesn't exist elsewhere in Canada.
For Impact Investors: investment shares are structured for high stability and predictable modest returns, backed by real assets and long-term operational revenue, and designed for institutional and accredited investors with a values-aligned mandate. Stable, semi-liquid, and Halal-compliant.
The Fund is structured as a GP/LP vehicle: General Partner jointly owned by IslamicFamily (60%) and SVX (40%). Investors subscribe as Limited Partners. Capital is deployed on an equity basis, with returns tied to real asset performance rather than interest or debt.
A direct donation to IslamicFamily with a full tax receipt · No return of capital expected · Maximizes affordability and multiplies the fund's impact.
Return of capital only · 5-year horizon · For concessional or mission-first investors who prioritise social impact over financial return.
Above return of capital · 10-year horizon · For accredited investors seeking modest, stable, impact-aligned returns backed by real assets.
Residual proceeds, after all LP investor distributions, flow entirely back to IslamicFamily for charitable purposes. SVX does not participate in residual profits beyond management fees.
We want to speak with funders and social impact investors to understand how this fund fits your portfolio. Your input directly shapes how we structure investment opportunities.
Open to accredited investors and philanthropic funders · Approximately 2 minutes