With headlines about the success of the London Community Land Trust’s development programme, interest is growing in the almost 300 community land trusts that now exist in the UK. Could they help solve the housing crisis?
Community land trusts (or "CLTs") are community-led, not-for-private-profits. They are led by local people, who have a vested interest in the long term success of new communities and local employment opportunities.
CLTs have a number of key advantages:
- Prioritising the community means that their main incentive isn’t profit - allowing development of smaller schemes that may not stack up for commercial developers
- Delivery of affordable homes as a core aim
- Local employement opportunities
- Community engagement means that local support is much more likely - assisting with the planning process
CLTs are, for now, likely to focus on delivery of smaller development sites, but they can be a great way of getting affordable housing on smaller sites, including in rural areas.
We are advising a number of CLTs on their innovative development proposals - contact us for more information.
London Community Land Trust to boost development by 500%