Comment This is just a variation on municipal bonds. (Score 1) 140
You are essentially talking about what government does when they float a bond to create infrastructure, but instead your concept is a voluntary association of homeowners who agree to enter into an agreement to loan money to the phone company. You could more effectively do this by having the residents form a 501(c)(12) telecommunications cooperative and use that cooperative entity to negotiate with the phone company to fiber up your block, for example. You are still doing the finance, but you do it under a recognized legal entity.
Of course, the best thing would be for municipalities to take over telecommunications pipes to the home as a public service like water, sewers, and roads, but that would require us to remind ourselves of how government is not evil and exists to serve the people. In this kind of scenario, telecommunication companies could become hired help under contract to government to provide maintenance, content, and other things.