People power puts cash into new build
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.