Leeds Community Homes - OFFER CLOSED

Social performance

The primary focus of this share offer is to raise finance for LCH's first project, the purchase of 16 permanently affordable 1 and 2 bedroom flats on a city-centre development.

Leeds Community Homes was established in November 2015 and the focus over the subsequent nine months has been to develop the business model for this first community share offer. The work over the last nine months has been done without employing any paid staff. As a result, reporting mechanisms for social performance are not yet in place. However The Board of Directors recognise the importance of reporting on social and environmental performance and mechanisms will be put in place early in 2017, for when the activities which will be funded by the share offer will commence.

Key Social Performance Indicators (KSPIs)

KSPIs are a measure of how the business is performing on delivering its main social or environmental purpose. Read more

KSPI 1 - Permanently affordable housing

Leeds Community Homes has been established as a community benefit society with the primary aim of taking a community-led approach to creating more affordable homes in the city.  Their long-term goal is to be involved in the creation of 1000 affordable homes in Leeds over the next ten years – contributing towards the target of 66,000 new homes that has been identified for Leeds.

The primary focus of this share offer is to raise finance for LCH's first project, the purchase of 16 permanently affordable 1 and 2 bedroom flats on a city-centre development by Leeds-based developer Citu. The development forms part of Leeds’ new Climate Innovation District – and the flats will be built to a high standard of environmental sustainability. The flats will be made available for affordable rental and sale – and through the Society's role as a Community Land Trust for Leeds they will ensure that they are available for affordable housing in perpetuity.  They will retain nine flats themselves, and sell seven flats.

KSPI 2 - Building communities

The primary target community of this share offer is people in Leeds who are in need of more affordable homes. Through providing more affordable homes to rent and to buy, Leeds Community Homes will serve people who currently find it difficult to buy or rent a decent, affordable home in the city.  They will encourage people in housing need in Leeds to become members of Leeds Community Homes (people can become members of their community benefit society for £1) but they do not anticipate that many people who are currently in housing need will invest in their share offer.

With this share offer Leeds Community Homes are also targeting people in Leeds who recognise the negative impacts of a housing market which does not work for many of their citizens – and who want to play a part in creating a community-led solution.  They believe there are many people in their city who acknowledge the impact on fellow citizens – and on the city as a whole – of increasing numbers of people in Leeds finding it difficult to afford a decent home to rent or buy.

Common environmental performance indicators (CEPIs)

CEPIs are environmental performance indicators that are common to all businesses, no matter what their main business activity is. Read more

Carbon emissions

Leeds Community Homes does not currently report on carbon emissions saved.  

Staff travel to work

Leeds Community Homes does not currently report on how staff travel to work. 

Waste and recycling

Leeds Community Homes does not currently report on waste and recycling.

Common Social Performance Indicators (CSPIs)

CSPIs are social performance indicators that are common to all businesses, no matter what their main business activity is. Read more

Community involvement

Please see above KPSI 2.

Ethical procurement

Leeds Community Homes does not currently report on Ethical procurement.

Local employment

Leeds Community Homes does not currently report on local employment.

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