Places for People (P4P) is hosting a virtual webinar July 28 to bring people up to speed on its recently launched community bonds program, with attendees having a chance to win big.
The County-based non-profit launched the fundraising scheme July 11, aiming to bring in $850,000 that it will use to refinance some of its current projects and work towards their goal of doubling their affordable housing supply by 2028.
There are three options for would-be lenders – investing a minimum of $1,000 locked in for three years, earning three per cent interest paid annually; $5,000 locked in for five years, earning four per cent interest; or $10,000 locked in for seven years, earning five per cent interest.
In a previous interview with The Highlander, P4P president Jody Curry said the first two options would see principal investments returned in full upon expiry of the bond, while the third option has a portion of the principal paid out annually.
The webinar will discuss how bonds can be purchased, while outlining P4P’s longterm plans. Curry said the organization wants to increase its housing supply from 12 units to 28 over the next five years, providing much-needed support for up to 25 additional people in the Highlands.
As of press time, the organization has raised $212,500 – 25 per cent of its goal.
The webinar will take place at noon. During the event, P4P will do a live draw for a $1,000 community bond, with all attendees eligible. To register, visit eventbrite.ca/e/affordable-housing-inhaliburton-creating-impact-with-communityinvestment-tickets-676380039907.
