2014 Retail Charity bond buys more new homes
Twenty eight houses and bungalows have now been bought or are in conveyancing providing specially adapted homes for 101 people with a learning disability in their communities supported by Mencap.
Having the right environment and support has given people a new lease of life gaining greater independence, learning new skills, and a wider social network as they are more involved in their local community.
So far, we have spent or legally committed £10 million of the 2014 Bond capital on these properties across the country, the remaining money will purchase the final new homes during the summer.
We are currently looking at options to raise further capital for the much-needed housing for people with a learning disability later on in the year. We’ll keep you posted!
You can read some of the fabulous stories about people who have moved into their new homes.
About Golden Lane Housing 2014 Retail Charity Bond
Golden Lane Housing Retail Charity Bond raised £11 million in less than two weeks in an oversubscribed offering.
The first charity bond to be listed on the London Stock Exchange’s Order Book for Retail Bonds, which will fund much needed accommodation for people with a learning disability has announced it is closing its offer period two and half weeks early.
The bond was launched on Friday 27 June 2014 via Retail Charity Bonds Plc, an independent non-profit special purpose vehicle which is an initiative of Allia, a community benefit society with exempt charity status, and established in association with Canaccord Genuity. The offer period was expected to close at 12 noon (UK time) on 23 July 2014 but closed early at 10.30am on 9 July 2014 due to strong demand.
The funds raised by the Bond are enabling Golden Lane Housing to invest in buying and adapting 30 high quality homes for over 100 people with a learning disability in their local communities supported by Mencap.