Community Bonds are a social purpose investment we feel can help build our affordable housing communities. The desire to build affordable housing is not something that is really understood by most sources of funding. Banks, trust companies, and credit unions are designed to focus on traditional building goals and have a hard time understanding a desire to “do good”.
If you have the time, and a social interest, I encourage you to read Moving Community Bonds Forward, a landmark report mapping the Canadian community finance ecosystem — and calling for changes so that more community organizations can access the capital they need, and more investors can put their money where their values are. Download/open the report PDF here…
The Tiny Town Association has partnered with Tapestry Community Capital to utilize this form of funding, so we can develop forever affordable housing.
We are up to Episode 4 in the Less Space, More Life! podcast. Listen here …