The Alice Saddy Foundation is Now a Landlord at 3 Apartment Buildings

Since becoming a registered not-for-profit charity in 2021, the Alice Saddy Foundation,
has been working in partnership with the Association to secure and protect the
resources of the organization.
This past summer, we had the opportunity to purchase three apartment buildings that
were at risk of being taken over by commercial interests. We’re proud to say that these
buildings provide safe, stable, and affordable housing for individuals with developmental
disabilities, and allow our tenants, who rely on these homes, to flourish.  Financing this
purchase was a challenge for our young foundation, but with a loan from the London
Community Foundation and an incredibly generous vendor take-back mortgage, we
were able to make it happen. All 28 units rent for just $580 per month, providing much-
needed housing for people supported by the Association, living well below the poverty
line.
However, we now have significant debt and servicing that debt means that less
resources are available for other things like our Community Inclusion Grants.
Your generosity would go a long way in ensuring that these homes remain a stable and
permanent resource for our tenants for years to come. We welcome your donations