Become an Investor in Green Wood Housing Coop!
Green Wood is a housing co-operative established in 2018 in Leeds. We need to raise upwards of £56,000 in loan stock in 2023 as part of our long-term business plan and to maintain our property. We ask you for loans on which we can offer between 0-3% interest, repaid in full at the end of an agreed term. The lower the interest we pay on loans the more affordable the rent can be.
Investing in a housing coop is an ethical investment opportunity into more socially just and sustainable housing.
Housing co-ops provide a working answer to austerity in the current housing market, and contribute towards resilient and sustainable communities, by creating permanently affordable and secure housing controlled by tenants.
Whilst members put in the work to set up the co-op and manage the property in exchange for having a home, they cannot extract any financial benefits from the property value, and the cost of rent remains affordable and independent of market prices for all future tenants.
​
Our monthly rent payments contribute to the upkeep of the house and mortgage payments. However, to make this financial model affordable we also need to raise money via loans from individuals (‘loanstock’). With this kind of direct loan both parties mutually agree terms together - the amount, payback time, and rate of interest for the loan. Loanstocks are paid back in full at the end of their terms, with interests compounded and paid at the end with the original investment.
This can provide a return which compares favourably with many savings accounts, whilst also contributing to autonomous, affordable housing and building a supportive community
Beyond a direct return via interest, another advantage of putting your money in a co-op is that your investment benefits a community you choose, instead of letting a bank invest your money in potentially unethical industries.
Example loanstock investments:
This is a rough outline of what our income and expenditure will look look from the purchase of our home in 2019 up to 2058, when we are due to have repaid our mortgage.
We have tried to create clear and thorough documents to inform a loanstock investment.
We have also laid out some answers to potential questions in our FAQ's section.
Please don't hesitate to contact us via email or phone if you have any other questions.