September 1, 2013
At present, InHouse has completed one project, McPherson Place, a 160-unit building in the inner-city neighbourhood of Bridgeland on lands purchased from the City at market value. Due to the non-profit designation of InHouse, payments to the City for the land are deferred for 10 years.
“The value of the not-for-profit is that we can negotiate relationships with government, whereas a developer can’t,” says InHouse founder and president of the society Judy Hoad. “You can’t do that with a private sector developer — at least, in my view, you shouldn’t.”