Magazine article Public Finance

Development Grants Opened Up to Community Land Trusts

Magazine article Public Finance

Development Grants Opened Up to Community Land Trusts

Article excerpt

Land trusts set up by community groups to build affordable housing and other facilities have received the go-ahead to apply for development grants.

Seizing on the government's desire to see wider community ownership of assets, the Housing Corporation announced this week that its 2008/11 National Affordable Housing Programme is being extended to community land trusts.

Speaking at a National Housing Federation conference in Warwick on July 9, Richard Hill, the corporations director of investment, said CLTs had the potential to make locally controlled housing available in perpetuity' at affordable prices.

About 25 CLTs have so far been set up to manage land provided at below market value by private benefactors or public sector bodies, including local authorities. In Stroud, English Partnerships is working with Gloucestershire Land for People, a CLT, to build 77 homes on a former hospital site. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.