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United Housing's community bond initiative funds 10 mixed-income homes in Listowel, with half bonds sold.
United Housing, a nonprofit in Perth-Huron, has launched its first community bond initiative to fund the Music Hall Apartments in Listowel, transforming vacant downtown land into 10 mixed-income rental units.
The project, at 190–198 Main St. W., will include three market-rate, three moderately priced, and three deeply affordable homes.
Managed by Tapestry Community Capital, the bonds offer local investors a fixed return while supporting affordable housing.
Half the bonds have been sold, signaling strong community backing.
The effort marks a new model for local, sustainable housing development.
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La iniciativa de bonos comunitarios de United Housing financia 10 casas de ingresos mixtos en Listowel, con la mitad de los bonos vendidos.