ChaCo Loanstock Funding Launch

As the cohousing model continues to mature in the UK, groups are finding new ways to meet the financial challenges associated with cohousing development, by bringing forward opportunities for ethical investors to become involved. ChaCo, Chapeltown Cohousing in Leeds, is offering loan loanstock fund investment. From http://www.chapeltowncohousing.org.uk/:

“Chaco has a viable business plan for developing the site, and this has already enabled us to attract funding for planning and feasibility work.

We are now actively raising over £3 million for the development phase. Much of this will be funded from the sale of members’ homes and our existing co-op properties, and a long-term mortgage. But we are also offering individuals the chance to support this project through investing in a loanstock fund. We are looking for people who will invest money for three years and we are offering interest rates up to 2%.” Read More.