Residence at Weston Apartment Complex to Introduce 137 Net-New Affordable Units and Robust Decarbonization Plans

Apr 05, 2022

Dream Unlimited Corp. “Dream Unlimited” (TSX: DRM), Dream Impact Trust “Dream Impact” (TSX: MPCT.UN) and Dream Impact Fund, collectively referred to as “Dream”, today announced it successfully secured insured financing under Canada Mortgage and Housing Corporation’s (“CMHC”) new MLI Select insurance product through TD Bank. The $153 million insured loan through TD will finance Dream’s plans to preserve and increase the number of affordable units from 52 to 189 at the Residence at Weston apartment complex – representing 40 percent of all units. The affordable units will not exceed 30 per cent of Toronto’s median renter income. Dream will also decrease energy consumption by a minimum of 15 per cent and greenhouse gas emissions by a minimum of 25 per cent.

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