HCDC invests $50,000 in P4P bonds

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Places for People (P4P) received a $50,000 cheque from the Haliburton County Development Corporation (HCDC) July 10.

P4P has launched its community bonds project, which has three different series of investments available to the public.

HCDC made an investment via the bond investment option series B. It will earn interest and allow HCDC to continue supporting loans and economic development activities in Haliburton County.

P4P will work alongside Tapestry Community Capital which will manage investments. The social housing agency will use the bonds to refinance current projects. They can then take on larger developments that will be sustainable.

Options include: option 1 series A includes three years with three per cent interest with a minimum donation of $1,000. Option 2 series B includes five years with four per cent interest with a minimum donation of $5,000. The last option available, series C, includes seven years with five per cent interest with a minimum donation of $10,000.

Places for People’s bond target is $850,000. For more information on investing with them: placesforpeople.ca/ invest.