Charity leads way with housing bond
A bond issue claimed to be the first of its kind in the UK has raised £750,000 in funding for a housing charity in less than six months.The bonds were first issued in April to raise funds for Golden Lane Housing, the housing arm of learning disability charity Mencap. The charity claims the investment is vital to extinguish a housing timebomb for people with severe learning disabilities.The bond, launched with ethical savings and investment bank Triodos, offers a 10-year fixed rate annual return of 1 per cent above inflation and the initial investment is returned after the ten years. The charity is using the money invested in bonds to buy homes for people with learning disabilities.
‘People are increasingly looking to use their money
in ways that aren't just going to bring the highest return'