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Community bond program launches in support of build in Fergus

Interested investors have until September 15 to commit to either a one-year or two-year bond, which will help the build of a townhouse project on Garafraxa Street
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A Habitat for Humanity sign marks the lot at 465 Garafraxa St. W. in Fergus.

Habitat for Humanity Guelph-Wellington wants you to invest in the housing future of the community.

Its community bonds program has returned, as part of an effort to support the build of a 32-unit townhouse condominium at 465 Garafraxa St. W. in Fergus.

Until September 15, interested investors can buy into a one or two year bond.

Habitat said investors can earn 6.85 per cent on a one-year bond and 7.25 per cent on a bond of two years.

"It doesn’t take a lot to make a difference – the collective strength of investors throughout the community ads up over time," Habitat for Humanity said in a news release. "For those with the ability to invest, it's an opportunity to make a significant impact in their community."

Habitat said the investment provides seed money to move projects, like the one on Garafraxa, forward. It also provides a stable return for investors and an opportunity to partner on projects that provide a positive impact on the community.

The build, approved by Centre Wellington council in April, will see 32 three-storey stacked townhouse units built in three blocks. 

There will be 14 four-bedroom units, 14 three-bedroom units – including seven accessible units – and four units with two bedrooms each.

If you would like to learn more, you can visit the Habitat for Humanity website.