Community Land Trusts in Cornwall. Alan Fox Director Cornwall Community Land Trust. Cornwall Rural Housing Association
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1 Community Land Trusts in Cornwall Alan Fox Director Cornwall Community Land Trust
2 Community Land Trusts in Cornwall Summary of Cornwall CLT Project What has been achieved Case studies Critical success factors The Future...
3 Cornwall Community Land Trust Project Two year project commencing April 2006 Appointment of full-time Project Manager Funding initially from: The Tudor Trust Cornwall County Council DEFRA Further funding & support from North Cornwall DC, RestormelBC, Carrick DC, CaradonDC, Penwith DC & KerrierDC
4 Aims of Project To develop local CLTs across the county To demonstrate through actual projects how CLTs can deliver affordable housing and other community projects To set mechanisms for future delivery To develop an umbrella CLT for the whole county of Cornwall
5 County CLT and Local CLTs Cornwall Community Land Trust Local CLTs formed: St Minver CLT Ltd St Just in Roseland CLT Ltd St Ewe Affordable Homes Ltd Camelot Country CIC Lands End Peninsula CLT Ltd Luxulyan CLT
6 CLT Homes Completed 12 homes completed by St Minver Community Land Trust; 6 homes completed for Cornwall Community Land Trust at Blisland All sold using Resale Covenant with Pre-emption Clause
7 Homes under construction St Teath - 10 homes, 6 homes for rent with Cornwall Rural HA (CRHA) St Minver - 8 plots for St Minver CLT, 4 homes for rent with CRHA St Ewe - 4 homes for St Ewe Affordable Homes, 2 homes for rent with CRHA
8 New CLT Homes Blunts 6 homes Landrake -7 homes Delabole 14 homes St Just in Roseland 8 homes Kelly Bray 17 homes
9 Case History 1 St Minver CLT Limited Land - 10k per plot (owner paid for detailed planning, surveys etc.) Rural exceptions site in Area of Outstanding Natural Beauty
10 St Minver CLT Limited 12 self-build bungalows
11 St Minver CLT Limited Funding: 5k set-up grant plus interest free loan of 544k as development finance from North Cornwall DC
12 St. Minver CLT Limited Average subsidy at 3,000 per dwelling
13 St. Minver CLT Limited Completed on time and on budget All homes occupied by self-builders before Christmas 2008
14 St Minver CLT Limited Final total costs were: 2 bed - 77,847 3 bed - 84,014
15 St Minver CLT Limited The CLT is using the resale covenant model with preemption agreement to ensure that all future sales are affordable and to localpeople. Resales will be fixed at 31.3% of open market value(omv)
16 Case history 2 Blisland Joint Cornwall Rural HA & Cornwall CLT scheme
17 Blisland 7 homes for rent Funding from North Cornwall DC and Housing Corporation
18 Blisland 6 homes for sale Funding from North Cornwall DC
19 Blisland Pilot application for CLT homes submitted to Housing Corporation November 2007; rejected January 2008
20 Blisland Homes sold to local qualifying people 120,000 for a 3 bed house (69% of OMV) 100,000 for a 2 bed house (62.5% of OMV)
21 Blisland All future resales will be controlled by the CLT or its successor
22 Interest in CLTs CRHA and St Minver CLT mentioned in the closing debate for the Housing & Regeneration Act 2008 Blisland visited by Nick Clegg MP St Minver visited by Grant Shapps MP...twice Local Housing Trusts
23 Critical Factors for Success Working with supportive partner Local authority support Local community support Availability of development finance Realistic goals Support through national network
24 The Future Local Housing Trusts? Availability of development finance to CLTs; Mortgage finance for part-equity purchasers Community Affordable Housing Fund; CLT Revolving Resale Fund.
25 For more information contact: Alan Fox Director
26
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