News Update – January



Invest with us and your savings can make a real difference


By selling shares AEOB is gathering the funds needed to purchase disused commercial properties and convert them into long term affordable housing with secure tenancies. Our shareholders are those who can spare some money and want to use it to make a positive change. By bringing our financial resources together with the right skills and knowledge we are able to achieve far more than we could as individuals.

We have completed purchase of our first property, and are progressing with the development. With the help of an experienced architect, we are planning to convert the existing building and add a two storey extension to create an energy-efficient property which will provide homes for around 10 adults plus children. Details of our Vision, Mission and Aims and the issues we are trying to address, can be found via the Project page.

We are registered as a Community Benefit Society with charitable status, and have support from Triodos bank and the Community Development Agency, among others.

Our team includes people with experience in successful housing communities, community development, sustainable building design, conflict resolution, and not-for-profit accountancy. You can find out more on our Meet the Team page.

We are seeking further investment to fund the property development without resorting to commercial lending. Our target is £475,000 from community shares before we apply for match funding, which will allow us to cover the total costs without additional lending. If we can achieve this in the first half of 2015 we hope to be able to hand over to residents by the end of the year.  

Share values range from as little as £50, and more details including interest levels and our business plan can be found on our Invest Page by clicking the button on the right.


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