The Colonial Capital Group Secured Fixed Rate Bond (SHB) launched in February 2014 with the express objective of re-housing up to 2,000 families in the Chicago area.
Over the 3 year period an investor will receive returns equal to 12% per annum, paid every 6 months.
The SHB is a Socially Responsible Investment (SRI) as our main objective is to help provide safe, clean and decent housing to either the very low or low-income families in the Chicago area. On each sale made we also donate $50 to Kiva which helps to fight worldwide poverty. More information can be found about this at www.kiva.org/team/colonial_capital/
The US housing market has been on a downward path since it reached an all-time high in late 2006 early 2007. However, after plummeting over 50% in some areas the consensus is we may have finally found a bottom to the market. The graph below (Figure 1) shows that the vast majority of the drop in prices occurred between mid-2006 and early 2009.
*£10,000
* 3 year term
* Sipp compliant
* No us taxes to pay
* 12% annual return