steve watson [email protected]
TRANSCRIPT
Steve Watson
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• With up to £5m of grant• And generating incomes for communities.
Options for Delivering Affordable Homes through a CLT
1.Stand-Alone CLT
2. CLT/Housing Association Partnership
Dorset - Buckland Newton CLT
Devon – High Bickington CLT
Stand-alone CLT projects – inspirational and challenging
OptionsStand-alone
CLT
PartnershipCLT/HA
Community ownership
Yes Yes
Financial riskCommunity Land Trust
Housing Association
Funding affordable homes for rentin a riskier world ...
2009: The first Partnerships
Dorset 2009 – Worth Matravers CLT and Synergy Housing
Dorset 2010 – Symene CLT and Hastoe Housing
CLT/HA Partnerships
Symene CLT Hastoe West Dorset
Christow CLT Teign Teignbridge
Norton sub Hamdon CLT Yarlington South Somerset
Queen Camel CLT Hastoe South Somerset
Marshwood CLT Hastoe West Dorset
Bradworthy CLT Aster Torridge
Brampford Speke, Upton Pyne & Cowley CLT Hastoe East Devon
Corry Valley CLT (Dalwood) Yarlington East Devon
Upper Culm CLT (Hemyock and Clayhidon) Hastoe Mid Devon
Upper Frome Valley CLT (Maiden Newton) Synergy West Dorset
Toller Porcorum CLT Synergy West Dorset
Somerset – Norton CLT and Yarlington Housing
Blackdown Hills – Upper Culm CLT and Hastoe Housing
Dartmoor – Christow CLT and Teign Housing
Devon – Corry Valley CLT and Yarlington Housing
Somerset – Queen Camel CLT and Hastoe Housing
Dorset – Toller Porcorum CLT and Aster Housing
• Chagford CLT and CG Fry Ltd
• 35 affordable homes
• 50 homes for open market sale
Proposal for Chagford, Dartmoor
Stroud
• Cashes Green CLT and Green Square Housing
• 39 affordable homes• 39 homes for open market sale
East London
• East London CLT and Galliford Try• 80 affordable homes• 140 homes for open market sale
How Does the Partnership Work?
COMMUNITY LAND TRUST
HOUSING ASSOCIATION
LAND2. HA acquires long term lease
3. HA finances, builds and manages homes
1. CLT acquires freehold
4. HA pays ground rent to CLT
6. CLT can break lease with HA
5. CLT is a party to key planning agreement
Standard Documentation
• Project heads of terms• Land heads of terms• Option agreement• Lease• Section 106 agreement• Allocations plan
Funding
• Council or CLT Network revenue grant• HCA revenue grant• HCA capital grant• Council capital grant• HA mortgage finance
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
Future options?
COMMUNITY LAND TRUST
HOUSING ASSOCIATIONPARTNERSHIP
VILLAGE SHOP VILLAGE PUB COMMUNITY FARM
RENEWABLESENERGY
MORE HOUSING
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
Trust and Association:
Guide to delivery options
http://www.communitylandtrusts.org.uk/resources/publications
Any questions?