Overview

of the economic downturn, as develops fail to secure funds, first-time buyers struggle to get mortgages and around 1.7 million people sit on the council waiting list. Traditional ways of providing housing have not adapted to life in the wake of the economic downturn.

In this briefing, Burges Salmon look at a Community Land Trust in Rock, Cornwall which has been used to develop affordable housing for local people with insufficient income to buy on the open market. What started with a £5,000 parish council grant ended with the construction of 12 two bedroom bungalows. This new structure has proved so attractive that the Homes and Communities Agency recently gave a Lindisfarne-based CLT a grant of £212,000 towards the development of new homes.

Click “view briefing” to read more about Community Land Trusts and the Housing and Regeneration Act.