£10 million Golden Lane Housing Bond money has been spent on buying new homes
The 2013 bond was redeemed in January 2013.
Golden Lane Housing’s charity bond reached its £10 million target, enabling us to provide the desperately needed housing for people with a learning disability in specially adapted homes in the community.
We have spent £10 million buying 25 properties which are providing homes for 99 people with a learning disability in high quality houses and bungalows in residential areas and supported by Mencap.
The houses and bungalows will be there for future generations of people with a learning disability – the bond has enabled us to create a lasting legacy.
This had over 700 individual investors and a range of institutional investors such as charitable trusts and foundations. Our reach has extended considerably to people who now know more about housing and learning disability. The publicity during the time of the bond issue has helped to change people’s attitudes, with positive stories about (and pictures of) people with a learning disability appearing in the national and regional media.
If you have any questions about your repayment or would like to be kept up date with future bond issues please contact us.
Assessing the social and financial impact
In terms of the social impact, we have assessed the impact of the bond on people who move using a progression tool based on Mencap’s “What Matters to Me” framework. This enabled us to assess and report on the difference the move has made to people in terms of their quality of life and independence.
We also survey the families of the people who move into the bond properties to assess the impact of the move on them. And we will also be reporting on the financial impact on the public purse.
You can download a copy of the latest Social Impact Report.
You can read about some of the real life stories of people living in their new homes bought with bond capital.
Golden Lane Housing bond wins Charity Times Award
In October 2013 Golden Lane Housing was proud to be awarded the Social Investment Initiative of the Year for our charity bond. This momentous evening was celebrated with tenants Daymien and Stephen (who have moved into a property bought using bond money) and their Mothers, Royal Society Mencap and Triodos Bank NV.