Corry Valley Community Land Trust
Community Land Trusts (CLTs) are being set up across the country to help provide affordable homes for local people.
By forming a partnership with a Housing Association, the CLT can lead the housing project and generate a long-term income whilst being protected from the risks Involved. The community then has a financially viable Trust able to take on future projects for the benefit of that community.
The main features about this new way of doing things are:
- Land ownership.
The CLT can secure the housing site In perpetuity for the community (with an option to take on full ownership of the properties from the Housing Association should the CLT ever wish to do so). The CLT will enter into a long term lease with the Housing Association and have an Influence over important things like layout, design and occupancy.
- Affordable Homes for Local People.
Those with a strong local connection - through thing or working in the parish, or having family there - have priority for the housing. This is enshrined in a legally binding agreement between the Council, the Housing Association and the Community Land Trust.
- Access to grant funding.
The creation of the CLT enables government grants to be obtained for community led housing schemes. Otherwise, there is little prospect of obtaining grant for at bast another four years.
- Financial viability.
The CLT obtains an income from ground rents sufficient to cover the Trust's running costs and provide a small Income for other projects. The Trust is therefore financially sustainable.
- Potential for other projects.
The priority is land for housing (rental and shared ownership) - using the current housing needs survey to establish number and mix. However, the scope of the Trust provides a vehicle for The Corry Valley CLT to own, develop and protect other property and land.
The Trust is a democratic organisation - with membership open to anyone supporting its objectives.
The Corry Valley Community Land Trust (TCVCLT) held an open consultation meeting with their partners Yarlington Housing Group (YHG) on:
Wednesday 7th Jan 2015 in Dalwood Village Hall
30 interested folk came to the meeting to hear about the Newberry affordable homes being built in Dalwood.
There are 2 shared ownership homes and 4 homes to rent.
The homes are on schedule to be completed by the end of March and it is hoped new residents will be welcomed to Dalwood by the middle of April.
The shared ownership scheme was explained to those interested by Karolina, YHG’s sale and marketing manager. Karolina can be contacted by phone Tel: 01935 404639 or email email@example.com
The homes to be let, generated a lot of interest and Lisa, YHG’s lettings manger was on hand to talk potential tenants through the process. Lisa will advise the TCVCLT when the properties are on their web site and awaiting bids from applicants. Lisa can be contacted by phone Tel: 01935 40645 or email firstname.lastname@example.org
If you want any further information about the homes or the TCVCLT please don’t hesitate to contact any trustee or ring me on Tel: 01404881193 or email email@example.com
Thank you to all who made it to the meeting, we hope it was informative and useful to you. We would also like to thank all TCVCLT members who continue to support the TCVCLT
sec. to TCVCLT
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