Community land trusts
Community land trusts (CLTs) are long term stewarding systems for land and the assets, whereby land is placed into a trust which is then run by members or a selected group. As such they are a democratic system that typically provides affordable homes, community gardens, civic buildings, pubs, shops, shared workspace, energy schemes and conservation landscapes, which are run by local people.
Community land trusts (CLTs) are referenced in the Housing and Regeneration Act 2008, Chapter 79 and defined by the House of Commons Library as "a form of community-led housing. The CLT acquires land through purchase (by the community) or a gift, and oversees the development of affordable housing to buy or rent. The housing remains affordable in perpetuity – the CLT is a not-for-profit group and acts as a long-term steward of the homes built."
A CLT can be set up by the community, the landowner, a developer or the council, and provide a mechanism to effectively partially remove land from the capital market, offering housing ownership at a reduced and affordable rate. Depending on the terms of the trust, such houses if sold, are also sold at a reduced market rate, maintaining the stock as affordable for following residents or generations, 'in perpetuity'.
https://www.communitylandtrusts.org.uk/
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[edit] External links
https://researchbriefings.files.parliament.uk/documents/SN04903/SN04903.pdf
https://cltweb.org/wp-content/uploads/2021/02/DS_dissertation_05_doc-only.pdf
https://www.legislation.gov.uk/ukpga/2008/17/section/79
https://www.legislation.gov.uk/ukpga/2008/17/section/79/notes
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