The community bond is an invitation to participate in PLaCE financially and is designed to keep resources local. When you buy a bond, you lend money to PLaCE for a set period of time. In return, PLaCE pays you a fixed rate of interest — close to what you would earn on a typical savings account. This is a core part of PLaCE’s community and relationship building approach.
PLaCE is one of three national pilot sites in the Making Missing Markets effort, a national conversation hosted by the Federal Reserve Bank of New York, which looks to develop new financing tools for community-rooted investments. The bond invites participation from neighbors, small-dollar investors, and institutions committed to ecological stewardship, community strength, and rural prosperity.
Every dollar—and non-monitary contribution—helps strengthen PLaCE’s community-centered approach. The strength of this comes from how many individuals invest, not how much any one person invests.
The structure of the bond is still being designed in partnership with legal counsel and community members. The exact term length, interest rate, and offering structure will be shared as they are finalized. Add your email below to receive updates as the design takes shape.