Development in Cornwall Helen Downing, Development Manager Cornwall - PowerPoint PPT Presentation

Models of Affordable Housing Development in Cornwall Helen Downing, Development Manager Cornwall Community Land Trust Planning Partnership February 6 th 2018

BECAUSE EACH COMMUNITY IS DIFFERENT , CLTS PROVIDE A VARIETY OF HOUSING SOLUTIONS

CLTS CAN PROVIDE HOMES WITH A VARIETY OF TENURES • Homes for discounted sale • Homes for affordable rent • Shared ownership homes

VARIETY OF DELIVERY POSSIBILITIES Self Build: The CLT secures the land, provides the infrastructure for the site and organises the team of self-builders to build their own homes

VARIETY OF DELIVERY POSSIBILITIES The CLT engages a builder with the CLT selling or renting out the completed homes

VARIETY OF DELIVERY POSSIBILITIES Partnering with a Housing Association • The Housing Association purchases completed homes which the CLT has built • The CLT leases the land to a Housing Association who builds and sells or manages the homes

VARIETY OF DELIVERY POSSIBILITIES Working with a developer or housing association to shape a scheme and buying the completed homes

WHICHEVER ROUTE YOUR COMMUNITY TAKES THERE IS ONE COMMON PURPOSE AFFORDABLE HOMES FOR LOCAL PEOPLE FOREVER

HOW IS AFFORDABLE ACHIEVED? • Homes can be sold at a discount of their open market value with the discount % remaining with the home forever. • Sales prices can be linked to local incomes . • Homes can be rented at a reduction from open market rent. • People can part buy, part rent their home. • To achieve affordable prices you may need grant funding or you could build some open market homes alongside the affordable homes to cross subsidise the project. As few as possible open market homes should be built and no more than 50% of the homes.

HOW IS FOREVER ACHIEVED? • The affordability and local connection criteria for each home is written into a S.106 legal agreement. • In addition the CLT is the long term steward of each home. Every time a home is re-let or sold the CLT ensures the new occupant meets the local connection criteria. • CLTS are currently protected from Right to Buy

WHERE DO YOU FIND THE LAND? • Existing buildings • Land within the boundary of a settlement • Exception site- land on the edge of a settlement

WHERE DO YOU FIND THE LAND? • Marketing of land or building is impetus for a project • Neighbourhood Planning process • Call for land

WHERE DO YOU FIND THE LAND? Secure the land with an OPTION agreement • Three year + period to establish the feasibility, design and obtain planning approval • Prevents landowner selling land during this period • Option to buy land once planning approval granted

And it is already happening all over Cornwall and the Isles of Scilly and nationally.

CASE STUDY: BRIAR CLOSE, ST TEATH • Local developer obtained planning approval for 8 affordable and 4 open market homes • Cornwall CLT advised on how to secure the homes for locals forever and helped the developer with community consultation. • The developer built the 8 affordable homes for Cornwall CLT • Cornwall CLT sold all eight homes for 56% of open market value; two bed bungalows for £110,000 and three bed dormer bungalows for £132,000. • Each time these homes are sold the owner is obliged to sell them for no more than 56% of their new open market value and Cornwall CLT has to verify that the new owner meets the local eligibility criteria and is purchasing at the correct price.

CASE STUDY: RAME, WENDRON • Cornwall CLT established a housing working party with the Parish Council. • Cornwall CLT obtained planning approval for 16 affordable homes with the design and tenure influenced by the Housing Working Party. • Cornwall CLT has purchased the site and leased it to a housing association who will now build and manage the homes. • Cornwall CLT will be the long term steward on the local communities behalf • The Parish Council are taking responsibility for the Public Open Space

CLTs in Cornwall have helped to deliver 236 homes in Cornwall in the last 10 years and we now have the opportunity to build many more.

IT’S NOT JUST HOUSING… CLT projects can deliver other community assets too. Projects can incorporate community space, work space… or whatever else will benefit the community .

WHAT HELP IS THERE FOR CLTS? • Cornwall CLT • The National CLT Network • Cornwall Council Revolving Loan Fund for CLTs • National CLT Network grants and loans • Ethical lenders • S.106 monies • Government grants • Community Housing Fund

HOW WILL YOUR COMMUNITY PROVIDE AFFORDABLE HOMES FOR LOCAL PEOPLE FOREVER?

Thank You Helen Downing Development Manager Cornwall CLT helen@cornwallclt.org info@cornwallclt.org 01872 243554