I’m excited to learn about community bonds here in Montreal. Non-profits are using them to raise capital to build community centres and affordable housing. They may even make sound financial investments, which I’m looking into at this moment.
https://www.briqueparbrique.com/fr/accueil
#Montréal #AffordableHousing #CommunityBonds #LogementsSociaux #ObligationsCommunautaires
A related organization, the JIA Foundation, was instrumental in protecting our Chinatown from development that would have erased the historic and cultural significance of the neighbourhood.
@drukqs This is what CSI does in Toronto
The Community Bond allows a nonprofit or charity to leverage its community of supporters to pursue its mission, build its resiliency, and create more vibrant communities. CSI invented the Community Bond in 2010 as a means to turn a non-profit’s social capital into financial capital. Today, the Community Bond is a household name in impact investing, having been replicated around Toronto, and the world.
@drukqs I was not involved no, but this is actually round 2 right now, so the first round was quite successful. CSI has been around for quite a while now as a pillar in the community, so there is a big trust component.
It's my understanding the round 1 was just partially funding the buildling (rest being paid by a mortgage), but now round 2 would cover the full amount left to be paid on the mortgage.
It seems to work when done properly? But i don't know many other examples.
Ben Kwong
Jérôme