Partnerships between CLTs and Housing Associations - Wessex CLT Steve Watson
Post on 16-Jul-2015
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Presentation
1. What is a CLT?2. The Wessex CLT Project3. Examples of current projects4. Pros and Cons5. Questions
Four Principles
1. Not-for-private-profit organisation set up to benefit a specific community.
2. CLTs can own land and other assets which are important to a community – with an emphasis on affordable housing.
3. CLTs hold those assets so that they are available and affordable for future generations.
4. A CLT is open to membership by anyone in the community supporting its aims.
Non-housing projects
• Land • Homes• Pub• Shop
• Car park• WCs• Post office• Allotments
• Orchard• Office space• Workshops• Solar/hydro power
• Now established 18 CLTs in Somerset, Devon and Dorset -17 working with HAs
• To build 200 affordable homes - mostly for rent
• All on community-owned land
• Using c.£7.5m of grant
• And generating incomes for communities.
2010: The first Partnerships with HAs
Worth Matravers CLT and Synergy Housing
Symene CLT and Hastoe Housing
CLT/HA Partnerships
Community Land Trust Housing Association Numbers
Symene CLT Hastoe 10
Christow CLT Teign 18
Queen Camel CLT Hastoe 20
Marshwood CLT Hastoe 7
Bradworthy CLT Aster 10
BSUP&C CLT Hastoe 7
Toller Porcorum CLT Aster 6
Corry Valley CLT Yarlington 6
Upper Culm CLT Hastoe 12
Upper Frome Valley CLT Aster 14
Powerstock and District CLT Hastoe 8
Norton sub Hamdon CLT Yarlington 10
Cheriton Bishop CLT Teign 8
Lyme Regis CLT Yarlington 15
Sixpenny Handley CLT TBA 11
Chagford CT TBA 26
COMMUNITY LAND TRUST
HOUSING ASSN.
LAND
3. HA acquires
leasehold
4. CLT leads on design, numbers of
homes, allocation criteria; HA
finances, builds and manages homes
1. CLT leads on site
selection
5. HA pays ground
rent to CLT
7. CLT can break
lease with HA
6. CLT is a party to
Section 106 agreement2. CLT acquires
freehold
Pros for CLTs• 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
• Being a party to the planning agreement
• Leadership on key issues
• Reasonable time commitment
• Letting of the homes is at arm’s length
• The creation of a CLT for other projects
Cons for CLTs
• Less income for the CLT than if the homes were owned outright
• Keeping up with the CLT!
• Changes of staff at the HA
• The quality of some of the HA’s consultants
• Rents at 80% of market value
• Under-occupation by one bedroom
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