Community Land Trust and Network
Community Land Trusts (CLTs) offer a community-owned solution to lack of affordable housing, providing homes that closely reflect local need at below market rents, or via affordable shared ownership agreements. The land on which properties are constructed is owned by the community and remain affordable in perpetuity.
Community Land Trust Fund (2008-2009)
The Foundation has an interest in CLTs. In 2008 a grant and loan package of £1m helped to establish the CLT Fund (alongside the Tudor Trust, who made a similar contribution, and the Nationwide Foundation, who joined the programme in 2010). The Fund supported pioneer CLTs with grants to enable early stage development, and loans to enable detailed development planning and physical construction. To date it has enabled the completion of over 100 new affordable homes by some 25 CLTs, with another 150 new homes currently in the pipeline. A recent report on CLT fund performance indicates increased levels of activity and an acceleration in the number of CLT developments.
However, CLT development is complex and takes a long time, as it necessarily relies largely on community volunteers who often have little or no housing development experience.
Community Land Trust Network (2012-2015)
Esmée Fairbairn is continuing its support for CLT’s by awarding a three year grant towards the core support and development costs of the national CLT network.
The CLT Network was formed as the national CLT support body in 2010 in response to the need for support and technical guidance for emergent CLTs. It aims to inspire and promote a thriving CLT network in villages and towns across England and Wales and to accelerate their development. The CLT Network provides high quality advice and support direct to communities by phone or via a network of advisors, provides a comprehensive guide to setting up a CLT, a legal toolkit, a guide to partnering with housing associations, model rules and governance structures etc and members can access free VAT advice from KPMG.
The network aims to ensure that the regulatory and policy environment is beneficial to CLT’s and has been instrumental in ensuring that the Homes and Communities Agency (HCA) regulations governing CLT operation are proportionate (until 2011 all CLTs were required to operate under the same regulatory requirements as major housing associations) and last year helped to secure £25m of ring-fenced capital funding for CLT development from the HCA.