Peo­ple power puts cash into new build

Yorkshire Post - Property - - PROPERTY NEWS -

COM­MU­NITY: In just three months, Leeds Com­mu­nity Homes has raised the £360,000 it needs to cre­ate 16 af­ford­able homes in the city.

The funds were raised through an in­no­va­tive Com­mu­nity Share Of­fer giv­ing peo­ple the op­por­tu­nity to in­vest in the cre­ation of per­ma­nentlyaf­ford­able homes. The min­i­mum amount was £100 and the max­i­mum was £10,000. The av­er­age amount in­vested was around £750.

Most of these eth­i­cal, com­mu­nity minded in­vestors came from Leeds though some out­siders in­vested through the Ethex site. A de­vel­oper will be ap­pointed soon.

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