Brighton & Hove Community Land Trust (BHCLT) is part of a solution focused grassroots movement for community led land and housing development. They enable and campaign for community-led development in Brighton & Hove. They are led by a growing membership of local people and accountable to them and the wider community.
Business founded
Registered Society founded 2017
Headquarters
Brighton
What they do
BHCLT helps to bring together the different elements fundamental to any community-led housing project. Without the right groups, sites and funding in place, it is impossible to develop viable alternatives in the current housing market. Read more
Financial performance
With the capital raised from their 2020 share offer, BHCLT will buy their first property site. They will lease the property to one of their community-led housing groups. Income from the leases will be used to pay back mortgage costs, interest on share capital, ongoing maintenance and development of the properties and running costs.
First interest payment
expectedJanuary 2022
Expected return
3%
Social performance
BHCLT is issuing community shares to raise capital that will enable it to purchase its first property, which will be leased to a community-led housing group: SEASALT, a student housing co-operative. The Society's long-term aim to create homes across Brighton and Hove that are secure and of community benefit forever.
Who benefits
For decades the housing market has prioritised investment over providing homes. Inequality is rising and there is a growing threat of climate breakdown. People feel more isolated and there is a sense that communities are breaking apart. BHCLT will buy land and make sure that it remains a source of decent housing for ever.
In Brighton the average house costs 16 times the median income
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