Your SlideShare is downloading. ×
Community Finance Solutions
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Community Finance Solutions

552
views

Published on

Community Finance Solutions

Community Finance Solutions

Published in: Technology, Business

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
552
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
5
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • Plan to show DVD then go through a few slides CFS and NDP -> case studies -> practical toolkits -> direct assistance -> DVD – message from horses mouth. Talks to communities actually involved on the ground. Learning from pioneers.
  • Transcript

    • 1. Community Finance Solutions
      • Jennifer Aird MSc BSC
      • Research Assistant
      • Community Finance Solutions
      • CFS – a research and development unit at Salford University
      • National CLT demonstration programme – 14 urban and rural pilots
      • Website www.communitylandtrust.org.uk
    • 2. 1. CLT - Origins
      • Ruskin and the garden city movement
      • 1870s – 1920s
      • Indian land gift movement 1950s
      • Bob Swann and US model 1960s to now
      • Land reform in Scotland – first buy-outs 1990s Land Fund set up 2001 legislation passed 2003
      • 1980s – Stonesfield CLT set up
    • 3. 2. CLT Legal Definition (July 2008)
      • A corporate body which aims to further the social, economic and environmental interests of a local community by acquiring and managing land and other assets.
      • In addition:
      • It must not sell or develop the assets except to benefit the community.
      • It is controlled by its members, and membership must be open to people who live and work in the community.
      • All profits made are reinvested in the community
    • 4.  
    • 5. 3. CLTs – key characteristics
      • Keep housing affordable in perpetuity
      • Democratically run and community-led
      • Aim to be self-financing
      • Aim to exist for a very long time
      • Exist to build sustainable communities, ie can also look at business space, parks, allotments, farms, etc
    • 6. 4. CLT – keeping housing affordable
      • Land is held in perpetuity
      • House prices kept affordable by a resale formula or other conditions in lease
      • Aim is to benefit those with a local connection who can’t afford a home
      • Promotes benefits of homeownership but profit to individuals is capped
      • Self-financing
    • 7. 5. CLTs – examples of models
      • US – classic model
      • Development trusts
      • Urban regeneration areas
      • Housing/almshouse trust
      • MoD/Forestry land
      • Conservation/Agriculture/Farm Land Trusts
    • 8.  
    • 9.
      • Formed in 2006 as an outcome of the Market & Coastal Towns Initiative
      • Company ltd by guarantee registered as a charity
      • Provides 9 shared equity homes (Sept 08)
      • Funders – Council (2 nd home C Tax), Charity Bank, Venturesome
      • Future plans – achieving a further 50 shared equity/rental homes in next 2/3 years
      6. Holsworthy Community Property Trust – key facts
    • 10.
      • Legal definition
      • Policy environment
      • Asset Transfer Unit
      • CFS Facilitation Fund
      • Precedents in Scotland and Wales
      • Credit Crunch?
      7. Opportunities…
    • 11.
      • Work of CFS
      • Facilitation Fund…?
      • Regional support – Land for People, Foundation East, Cornwall CLT, Cumbria, Northumberland
      • Housing Corporation
      • Templates, case studies and tools at www.communitylandtrust.org.uk
      8. Support available