Community Bonds

Community Bonds

They say necessity is the mother of invention. We were dealing with some necessity of our own when we wanted to purchase the $6.5 million CSI Annex building. As an organization with almost no accumulated surplus, we knew that creativity would be key to making the project a success. So we brought together some incredibly bright minds and conceived the Community Bond – an innovation in social finance that allows citizens to purchase RRSP-eligible bonds from a nonprofit. The bonds are backed by the building they enabled us to purchase! When we decided to purchase our second building, The Murray Building, we turned to Community Bonds once again, and thanks to our 227 community investors we’re building a new home for social innovation in downtown Toronto! The Community Bonds website is your source for everything you need to know to replicate this innovation.