Anticipating the reported cuts, Wessex has been asking – more in hope than expectation! – for a ring-fenced capital fund for community-led affordable rented housing for the past nine months, initially through Oliver Letwin (who has eight CLTs and a co-housing scheme in his West Dorset constituency), and then through the National CLT Network, the HCA and the Devon Rural Housing Partnership. We were able to point to evidence of the impact of such funding: some £5m of such grant subsidised over 100 homes in 10 CLT communities across Somerset, Devon and Dorset between 2011-15 – all now complete (see photos below and our report on six of these Trusts).
We were also able to point to evidence of strong demand demand from more CLTs (see map).
The recent Budget included the following statement: The government will provide £60 million to enable community-led housing developments in rural and coastal communities, including through Community Land Trusts, where the impact of second homes is particularly acute. The South West will receive around £20 million of this funding.
Wessex hasn’t been the only one asking for some sort of ring-fenced fund. We don’t know yet how it might work (or even whether it’s available for rented housing) but it’s great to see some sort of facility for community-led housing.