co-operative ownership for affordable, permanent sites for gypsies and travellers paul...
TRANSCRIPT
![Page 1: Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson November 2012](https://reader036.vdocuments.us/reader036/viewer/2022083005/56649f0d5503460f94c21ded/html5/thumbnails/1.jpg)
Co-operative ownership for affordable, permanent sites for
Gypsies and Travellers
Paul Sander-Jackson
November 2012
![Page 2: Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson November 2012](https://reader036.vdocuments.us/reader036/viewer/2022083005/56649f0d5503460f94c21ded/html5/thumbnails/2.jpg)
What is this addressing
•Long term legal provision of appropriate sites•Control of their site by residents •Low cost provision involving self build•Efficient use of scarce financial resources
![Page 3: Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson November 2012](https://reader036.vdocuments.us/reader036/viewer/2022083005/56649f0d5503460f94c21ded/html5/thumbnails/3.jpg)
The components
•A dedicated Community Land Trust•Groups registered as co-operatives •A revolving loan fund •Lease and site occupancy agreements •Loan agreements
![Page 4: Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson November 2012](https://reader036.vdocuments.us/reader036/viewer/2022083005/56649f0d5503460f94c21ded/html5/thumbnails/4.jpg)
• What is a CLT?
• The full name is ‘Community Land Trust’• Mainly used for affordable housing • There is a legal definition. This says that the CLT must-
Be owned by its community Controlled by its community Not have been set up to profit members Is permanent
![Page 5: Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson November 2012](https://reader036.vdocuments.us/reader036/viewer/2022083005/56649f0d5503460f94c21ded/html5/thumbnails/5.jpg)
Umbrella Community Land Trust
Owns freehold or head lease on land
Site Co-operative A
Holds long lease from CLT
Rents pitches to its members
Site Co-operative B
Holds long lease from CLT
Rents pitches to its members
![Page 6: Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson November 2012](https://reader036.vdocuments.us/reader036/viewer/2022083005/56649f0d5503460f94c21ded/html5/thumbnails/6.jpg)
Co-op
Lender
£CLT
How the money moves each month
![Page 7: Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson November 2012](https://reader036.vdocuments.us/reader036/viewer/2022083005/56649f0d5503460f94c21ded/html5/thumbnails/7.jpg)
CLT
Co-opsite
Co-opsite
Co-opsite
Co-opsite
The CLT will eventually hold more than one site ‘in trust’. The CLT will be a source of stability for Co-ops that will have changing membership. The people running the CLT will be representatives of the Co-ops and others (such as Local Authority representatives) who can help with the larger aims of the Co-ops.
![Page 8: Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson November 2012](https://reader036.vdocuments.us/reader036/viewer/2022083005/56649f0d5503460f94c21ded/html5/thumbnails/8.jpg)
Practical reasons to be a Co-op
• It creates a legal body which can-• Open a bank account• Own assets beyond the timescale of
individual member’s requirements• Employ/hire people• Buy insurance• Enables others to do business with the Co-
op, not one person
![Page 9: Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson November 2012](https://reader036.vdocuments.us/reader036/viewer/2022083005/56649f0d5503460f94c21ded/html5/thumbnails/9.jpg)
Where we are at in pilot project
• Somerset G and T Community Land Trust up and running
• First group registered as a co-op• £100k available from Mendip DC for loan
fund• Details of lease and loan agreements being
finalised • First land purchase hopefully soon