Charity bond will buy houses for people with a learning disability

UK: Golden Lane Housing (GLH), the housing arm of Mencap, has launched a £10 million charity bond which will raise money to buy homes for people with a learning disability.  

Investors in the bond, which has a minimum investment level of £2,000 per investor, will receive a fixed gross yield of 4% per annum for the five year fixed term.

Working in partnership with Triodos Bank, the UK’s leading sustainable bank, the charity is aiming to raise £10 million from a wide range of social investors for this bond before the closing date of 30 April 2013.  

GLH views this bond issue as the first step in raising up to £30 million over the next few years, which will mean that in total, investors will give 250 people with a learning disability the chance to live independently in specially adapted homes.   

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