Impact Support Services
Designed to help tenants fulfill their social benefit covenant and provide reporting on their impact.
SBC’s ensure “community impact” is a part of their business, service, or organization.
CIRES was founded on the mandate to curate a blended commercial property portfolio to bring social and economic benefits to low-income residents of the inner city. During the leasing process, CIRES works with our tenants to enshrine a Social Benefit Covenant (SBC) as part of their sublease agreements. The social and economic benefits generated from SBCs lift the broader community and businesses that our tenants operate in through three main categories: local procurement, local employment, and the provision of community-focused goods and services.
- In tenant contributions, improving access to essential resources for inner-city residents.
- $
- Individuals benefited from our tenant's community-focused goods and services.
- $
To support the implementation, sustainability, and reporting of these SBCs, CIRES has created the Impact Support Services (ISS). This service is designed to help tenants to fulfill their SBCs and to provide reporting of the positive social impact the CIRES portfolio has had within the City of Vancouver.
At the start of the Head Lease agreement, 14% of leases contained a community benefit requirement. As of March 31, 2025, 73% (37 of the 51 Sublease Agreements) contain SBCs. Of these, 59% of tenants have committed to delivering social benefits in two or more areas: employment, procurement, community-focused goods and services, and mission-related goods and services.
We are deeply committed to creating a more inclusive, supportive, and thriving community. Our approach not only enriches the lives of low-income residents but also uplifts the entire community.
SBCs impact on community
- Individuals facing barriers to traditional employment were employed by our tenants.
- Meals to low-income residents, Indigenous organizations, women's groups, and communities in the Downtown Eastside.
- Of our tenants with SBCs provide goods or services that directly benefit people in the Downtown Eastside neighbourhood.
- %
- Of our tenants purchased their goods & services within Metro Vancouver, supporting local procurement practices.
- %
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