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Community Land Trust – an overview

Community Land Trust – an overview. Carole Forrest Housing Policy Manager Greater London Authority. Future prospects for delivery. Existing delivery mechanisms – S106 obligation, cross subsidy - nolonger work Public subsidy will be significantly reduced

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Community Land Trust – an overview

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  1. Community Land Trust – an overview Carole Forrest Housing Policy Manager Greater London Authority

  2. Future prospects for delivery • Existing delivery mechanisms – S106 obligation, cross subsidy - nolonger work • Public subsidy will be significantly reduced • Existing developers – for and non profit – facing financial constraints

  3. CLT - Housing & Regeneration Act 2008 – a corporate body • Condition 1…established for the express purpose of furthering the social, economic and environmental interests of a local community by acquiring and managing land and other assets in order: • * to provide a benefit to the local community and * to ensure that the assets are not sold or developed except in a manner which the trust’s members think benefits the local community. • Condition 2 …established under arrangements expressly designed to ensure * any profits from its activities will be used to benefit the local community (otherwise than by being paid directly to members) * individuals who live or work in the specified area have the opportunity to become members of the trust (whether or not others can also become members) * the members of the trust control it

  4. CLT - principles • Transfer of land to a geographically defined community • Community control • Community benefits

  5. Benefits of CLTs developing affordable homes • Less exposure to market pressures – independence of land asset • Income and growth in values – captured by local community • Community empowerment – self governance • Other benefits

  6. Barriers • Free land • Value for money • Access to public subsidy • Political/bureaucratic resistance to change • Nominations to homes • Complexity

  7. What is the Mayor doing? • Promoting the potential of CLTS to • Deliver sustainable communities on new developments • Regenerate existing social housing estates • Has set up a CLT Delivery Board • Made a commitment to deliver a pilot CLT

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