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Steve Watson

Steve Watson. steve.watson.cltproject@gmail.com. www.wessexca.co.uk/projects/community-land-trusts. Established in 2010 CLT Network award winner in 2012 Now supporting 12 projects To build 123 affordable homes for local people – mostly for rent All on community-owned land

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Steve Watson

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  1. Steve Watson steve.watson.cltproject@gmail.com www.wessexca.co.uk/projects/community-land-trusts

  2. Established in 2010 • CLT Network award winner in 2012 • Now supporting 12 projects • To build 123 affordable homes for local people – mostly for rent • All on community-owned land • With up to £5m of grant • And generating incomes for communities.

  3. Options for Delivering Affordable Homes through a CLT • Stand-Alone CLT 2. CLT/Housing Association Partnership

  4. Stand-alone CLT projects – inspirational and challenging Dorset - Buckland Newton CLT Devon – High Bickington CLT

  5. Funding affordable homes for rent in a riskier world ...

  6. 2009: The first Partnerships Dorset 2009 – Worth Matravers CLT and Synergy Housing Dorset 2010 – Symene CLT and Hastoe Housing

  7. Blackdown Hills – Upper Culm CLT and Hastoe Housing Somerset – Norton CLT and Yarlington Housing

  8. Dartmoor – Christow CLT and Teign Housing

  9. Devon – Corry Valley CLT and Yarlington Housing

  10. Somerset – Queen Camel CLT and Hastoe Housing

  11. Dorset – Toller Porcorum CLT and Aster Housing

  12. Chagford CLT and CG Fry Ltd • 35 affordable homes • 50 homes for open market sale Proposal for Chagford, Dartmoor

  13. Stroud • Cashes Green CLT and Green Square Housing • 39 affordable homes • 39 homes for open market sale

  14. East London • East London CLT and Galliford Try • 80 affordable homes • 140 homes for open market sale

  15. How Does the Partnership Work?

  16. COMMUNITY LAND TRUST 6. CLT can break lease with HA 1. CLT acquires freehold LAND 5. CLT is a party to key planning agreement 2. HA acquires long term lease 4. HA pays ground rent to CLT HOUSING ASSOCIATION 3. HA finances, builds and manages homes

  17. Standard Documentation • Project heads of terms • Land heads of terms • Option agreement • Lease • Section 106 agreement • Allocations plan

  18. Funding • Council or CLT Network revenue grant • HCA revenue grant • HCA capital grant • Council capital grant • HA mortgage finance

  19. Benefits – CLT • Very low risk • High probability of homes being built • Freehold ownership in perpetuity • An income from ground rents • The option to buy the HA out of its lease • Party to planning agreement • Influence over the project • Reasonable time commitment • The creation of a CLT for other projects

  20. Future options? COMMUNITY LAND TRUST HOUSING ASSOCIATION PARTNERSHIP MORE HOUSING VILLAGE SHOP VILLAGE PUB COMMUNITY FARM RENEWABLES ENERGY

  21. Benefits – Housing Association • Advocacy of the project by the CLT • High probability of homes being built • Avoids expensive mistakes • Enthusiastic support from district councils • Access to additional grant • The scheme more likely to be accepted by the community

  22. Trust and Association:Guide to delivery options http://www.communitylandtrusts.org.uk/resources/publications

  23. Any questions?

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