One giant leap for urban CLTs: Mayor of London gives grant of almost £1m to Community Land Trust, RUSS.

Monday 08 October 2018

  • On Friday 5 October the Mayor of London announced that Rural Urban Synthesis Society (RUSS): a Community Land Trust with the aim of creating sustainable community led neighbourhoods and genuinely affordable homes would receive a grant of almost £1million.
  • RUSS received £988,000 from Sadiq Khan’s innovation fund to build 33 homes. Five of the homes will be allocated by Lewisham Council while RUSS will retain 20% equity in the remaining 28 properties, ensuring they cannot be sold on the open market and will only ever be transferred onto members on the RUSS waiting list.
  • The homes range from one-bedroom flats to four bedroom houses.

 

Tom Chance, Director of the National CLT Network said:

"It's fantastic to see the Mayor of London back a community taking the lead in providing genuinely affordable homes for generations to come. It has been such a pleasure seeing RUSS go from strength to strength over the years. This is the second investment they'd had from City Hall, which is down to their tireless work and inpsiring vision. Congratulations!

 

"Local councils across England and Wales are being inspired by groups like RUSS, and can follow suit. We need a variety of approaches to deal with housing issues such as affordability and quality. More and more councils are seeing that collaborations with local communities are a good way to bring fresh and exciting projects forward. This grant is a leap towards the mainstream for Community Land Trusts in urban areas".


 

Posted in: CLT activity, Funding, Policy and Campaigning