If investing in the community would also provide a financial return, more people would surely do it. That’s why a startup has created a new community-based fund that allows neighbors to invest a small amount in a fund, which can be used to invest into parts of the community such as housing. As the community develops, the community members who invested will get a financial return. This mutually beneficial community fund will be rolled out in Detroit later this year, with other cities such as Oakland, Chicago, and Baltimore expressing an interest in the concept as well.
How a community fund could actually generate financial returns for its members
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