Lilac Mutual Home Ownership Society (No. 30689R) is planning to buy an old school site in Bramley` and build 20 affordable eco-homes on it. It will include a central landmark Common House with facilities open to the local community. The homes will be built using straw and timber and some of the most interesting and innovative techniques that currently exist!

At our Investors Evening, we will be launching our Loanstock Offer – an exciting ethical lending opportunity which can give you a return on your money, and the chance to support a pioneering new model of sustainable, affordable, community housing right here in Leeds.

The evening will be introduced by Rachel Reeves MP for Leeds West and our local MP and will start with a wine reception at 6.30pm followed by a presentation about the project and the Loanstock Offer and a showcase of the designs. Lilac’s new short documentary will be premiered at the event.

This is the first issue of Loanstock by Lilac. This offer opens on 21st June and closes on 21st September 2011. Loanstock will be issued on the closing date. Loanstock is a form of unsecured loan offer that co-operative societies are permitted to undertake. This could be any amount – we suggest £100 as a minimum and there is no maximum! We can offer up to 2% interest rate, which as you will appreciate is better than most bank accounts (although the best way to support us is to ask for 0% interest rate). Taking out Loanstock does not confer membership rights in the Society.

• Supporting a community project led by local people,
• Demonstrating that a pioneering new model for affordable, sustainable housing is possible right here,
• Helping put Leeds on the map as a city that has positive and innovative solutions,
• A high level of accountability and a close personal connection,
• Interest on your Loanstock if you choose.