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/