Invest in Your Community with $1,000 Cambridge Minibonds

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Minibond sale opens on February 17 and closes on February 23, 2017

Cambridge Minibonds Banner

The City of Cambridge is offering Cambridge residents the chance to directly invest in Cambridge by buying $1,000 denomination minibonds. The City will use minibond proceeds to support capital projects such as school building renovations, municipal facility upgrades and implementation of the Complete Streets plan.

What are minibonds? How are they different from traditional municipal bonds?

According to the Cambridge Minibonds website, a minibond is like a traditional municipal bond in which you loan money to a city or public agency for an agreed period of time, receive interest on your investment, and get your loan paid back when the bonds mature. Minibonds are different because they can be purchased for as little as $1,000. All municipal bonds previously sold by the City of Cambridge were sold in denominations of $5,000 or more, so the minibonds can be a more affordable option for residents. Another difference is that interest on minibonds will be paid semiannually and the 2017 Cambridge minibonds will mature in five year, whareas most Cambridge municipal bonds mature after 10 or 20 years.

New opportunity

"We're really excited to offer Cambridge minibonds!" says Jeana Franconi, Budget Director for the City of Cambridge. "This is another way, as with participatory budgeting,  that residents can get involved in our city's fiscal processes. In addition to the opportunity to invest in our community at a range of levels, minibonds can be a good investment for our residents."

Potential benefits to investors

Minibonds enable residents to earn interest and invest for the future while supporting the Cambridge capital budget. Interest earned on minibonds is expected to be exempt from both federal and state income taxes. The City of Cambridge wants residents considering investing to know that "minibonds may not necessarily be suitable for all investors and prior to completing any sale, Neighborly Securities or another broker-dealer will determine suitability for investors in accordance with applicable laws and regulations."

Learn more

  • Neighborly representatives will be at Cambridge City Hall on February 15th and 21st from 6-8pm to provide assistance and discuss the minibond process. People who do not have computers will be able to make arrangements to purchase minibonds, if interested, at these sessions
  • Visit the FAQs page
  • Contact or visit the City Budget Office at minibonds@cambridgema.gov(617) 349-4270, or 795 Massachusetts Avenue (first floor).

Interested in signing up?

Cambridge residents, age 18 or older, who are interested in buying Cambridge minibonds must visit Neighborly to create a profile before Friday, February 17 at 12 noon ET. The minibond sale will take place on February 17, 2017 at 12 noon ET and close on February 23, 2017 at 12 noon ET. So make sure your profile is created before then.