Housing charity aims to raise £500,000

A charity that supports community housing in the developing world is attempting to raise £500,000 of property finance for Africa through a bond targeted at the UK social housing sector.

Homeless International will launch the bond at the Chartered Institute of Housing's annual conference in June. The Airways Charitable Trust Foundation, a grant maker, has pledged £100,000 and the social housing umbrella body the London Housing Federation will contribute £30,000.

Kim Mullard, deputy chief executive of Homeless International, said: "There is a real demand for capital among partner organisations where banking is not well developed."

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