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Bid to pay for housing

08 March 2013

A BOND has been issued by several Christian organisations in order to fund affordable housing for Christian workers in deprived parts of London.

The bond is issued by the diocese of London; the Contextual Theology Centre, based in east London; and the Eden Network, an organisation that arranges for Christians to live on deprived council estates. The scheme is being supported by Affordable Christian Housing.

A statement from the organisations said that the difficulty of finding affordable rented homes for workers had become "an obstacle to the Church's mission".

The bond's organisers seek to raise £2 million, and are accepting investments of £5000 or above. "We are seeking investors, not just givers. Investors in the bond will receive a financial return, with fixed rates of interest paid annually," the statement said.

Speaking at the launch of the bond, the Bishop of London, the Rt Revd Richard Chartres, said that it was important for Christian workers to be "resident" in communities, and not simply to "bomb in".

www.affordablechristianhousing.org/bond/

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