Community Land Trust Development Fund
Lack of affordable housing is a problem in most areas of the UK. Community Land Trusts are organisations that seek to address this by securing land and building houses that are partly owned, in perpetuity, by the local community. Houses built by CLTs are sold or rented to people in proven housing need at less than the market rate, the difference between the actual market rate and the sum paid being the CLTs continuing stake in the property. The value of the land, planning gain and any other equity benefits are permanently locked in on behalf of the local community and future occupiers.
