A community land trust (CLT) is a nonprofit community-led organisation that develops and stewards affordable housing and other assets that meet the needs of a community.
There are now over 225 Community Land Trusts in England and Wales, and the sector has grown six-fold in the last six years. The largest Community Land Trusts have over 1,000 members each. Community Land Trusts have developed over 700 permanently affordable units to date and will have developed a further 3,000 by 2020.
CLTs are defined in law:
- A CLT must be set up to benefit a defined community;
- A CLT must be not-for-private-profit. This means that they can, and should, make a surplus as a community business, but that surplus must be used to benefit the community;
- Local people living and working in the community must have the opportunity to join the CLT as members;
- Those members control the CLT (usually through a board being elected from the membership)
London CLT is developing affordable housing in several sites in London
Cornwall CLT is a rural umbrella CLT that has delivered or helped deliver 150 homes around Cornwall
Bristol CLT is an umbrella CLT working on its second site
For more about CLTs see the National CLT Network website