Dependency on capital grant funding via the Community Housing Fund to make affordable community-led housing schemes viable
BHCLT's financial model is based on a range of community-led housing projects that are all in different stages of development. Of the three projects included in their financial plan, two will rely on capital grant funding as well as pre-development funding and the current Community Housing Fund grant system is changing and uncertain. In addition, the pre-development grant funding secured for their largest project has extremely tight deadlines for funds to be committed (March 2020), given that funding was only approved in December 2019.
- BHCLT are in close contact with Homes England to ensure they conform to the funding scheme conditions and constraints.
- BHCLT are joining with other community-led housing groups around the country, through the National Community Land Trust Network and Community led Homes, to lobby for the funding to be extended beyond 2020.
- BHCLT are becoming a registered provider of social housing, in order to be able to access other capital grants.
- BHCLT are exploring other mixed-tenure models, that would reduce the reliance on capital grant funding.