Centre for Social Innovation issues another set of community bonds, setting up a mortgage-free future
“We’re going to our community in lieu of a mortgage,” said CEO and founder Tonya Surman. “We’re paying them in the same way that we’d be paying a bank.”
Why It Matters
Community bonds allow everyday people to invest in the future of local social infrastructure. Investors can choose to invest a set amount in a bond, which accrues interest that can be paid out annually or at the end of the bond term.
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