Your investment can help raise money for a Listowel housing project.
United Housing, United Way Perth-Huron’s housing organization, is offering community bonds to the public to support the Music Hall Apartments project.
The project looks to reinvigorate 4,500 square feet of unused space in the building by adding 10 mixed-income rental units for struggling residents. The bonds will be used to raise funds for this redevelopment.
United Way Executive Director Ryan Erb said this is the first time United Housing is offering community bonds for a housing project.
“This innovative approach allows community members, corporations, and organizations to invest directly in affordable housing for the first time in our region,” said Erb.
United Housing Director Kathy Vassilakos said they’ve already sold 50 percent of the bonds through the capital campaign committee.
“UH is committed to addressing the housing challenges facing our region, including in North Perth,” said Vassilakos.
“It’s great to see people in the North Perth community and beyond really step forward to support a local solution to the housing crisis.”
United Way said these bonds are investments that allow people and organizations to support projects like this one while getting a stable, fixed return.
United Housing said there’s three investment options, with Series A having a minimum of $25,000, $5,000 minimum for Series B, and $1,000 for Series C.
They are aiming to raise $735,000 from these bonds, with hopes of opening the units to Listowel residents in 2026.
One-third of the units would be market rate rentals, one-third would be moderately priced workforce units for those working full-time but struggling to afford housing, and one-third would be deeply affordable units for those needing financial assistance.
