Community Finance

Our congratulations to Generate KiwiSaver Scheme, which has become the cornerstone impact investor in The Salvation Army New Zealand, Fiji, Tonga and Samoa Territory Community Bond.

Community Finance Chief Executive James Palmer said, “We are thrilled to partner with Generate as the leading investor in this Community Bond, which will enable more life-changing work to be done for families in need in Aotearoa, New Zealand. Community Finance is proud to provide a bridge between responsible investors and projects like this, delivering lower cost finance and social impact.”

Barry Coates, Founder and CEO of Mindful Money stated: “Affordable housing was a major challenge before COVID, and now it is even more urgent. We congratulate Generate KiwiSaver for stepping up to help fund the Salvation Army’s programme. This is an example of investment for good – earning a sound return while making warm and healthy homes available to those who need them.”

Generate joins a range of existing leading impact investors in this Community Bond, including $5 million investments from both the The Tindall Foundation and Lindsay Foundation, and $2m from both Foundation North and Matua Foundation

KiwiSaver provider Generate believed the first to invest in social housing Generate investing $15m in a bond to build community housing in three Auckland suburbs.