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Published byCecilia Gibbs Modified over 9 years ago
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Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson November 2012
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What is this addressing Long term legal provision of appropriate sites Control of their site by residents Low cost provision involving self build Efficient use of scarce financial resources
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The components A dedicated Community Land Trust Groups registered as co-operatives A revolving loan fund Lease and site occupancy agreements Loan agreements
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What is a CLT? The full name is ‘Community Land Trust’ Mainly used for affordable housing There is a legal definition. This says that the CLT must- Be owned by its community Controlled by its community Not have been set up to profit members Is permanent
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Umbrella Community Land Trust Owns freehold or head lease on land Site Co-operative A Holds long lease from CLT Rents pitches to its members Site Co-operative B Holds long lease from CLT Rents pitches to its members
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Co-op Lender £ CLT How the money moves each month
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CLT Co-op site Co-op site Co-op site Co-op site The CLT will eventually hold more than one site ‘in trust’. The CLT will be a source of stability for Co-ops that will have changing membership. The people running the CLT will be representatives of the Co-ops and others (such as Local Authority representatives) who can help with the larger aims of the Co-ops.
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Practical reasons to be a Co-op It creates a legal body which can- Open a bank account Own assets beyond the timescale of individual member’s requirements Employ/hire people Buy insurance Enables others to do business with the Co- op, not one person
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Where we are at in pilot pro ject Somerset G and T Community Land Trust up and running First group registered as a co-op £100k available from Mendip DC for loan fund Details of lease and loan agreements being finalised First land purchase hopefully soon
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