Housing

London Community Land Trust: Creating communities through affordable housing

London’s first Community Land Trust was established in the former psychiatric hospital of St Clements, in the Mile End area. It provides affordable housing, allowing long-term residents who would be priced out to stay in the area, countering the tendencies of displacement and housing unaffordability. Supported by the Greater London Authority to work with a private developer, the CLT also promotes community engagement and is actively working on the creation of a community centre at the St Clements site.

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Stiftung trias – Taking properties out of the speculation market

Stiftung trias was established in 2002, to help community groups and co-housing projects access financing. Trias takes land off the market by separating the ownership of land and buildings: supported initiatives lease the land from the foundation in the form of a long-term Heritable Building Right and their lease fee is collected in a mutual fund run by Trias. In recent years, Trias has also been working with public administrations, securing functions for properties that municipalities are obliged to sell under austerity laws.

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