Providing permanently affordable housing
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As a Community Land Trust, SCCLT will create more affordable, sustainable housing, by building new homes, refurbishing properties and engaging the community in urban farming. SCCLT create housing themselves, and support others to do the same.
Somerset Co-operative CLT plan to use the proceeds from this share offer to develop their existing sites in East Reach, Taunton and acquire a further site at the former Exmoor Ales site in Wiveliscombe.
Following the success of the last share offer in 2018, which facilitated the purchase of 11A East Reach, SCCLT has applied for planning permission to undertake a development of 8 affordable units to the rear of 10 & 11A East Reach. The existing properties already bring in regular income from the upstairs flats and from the ground floor shop presently rented by a massage therapist. SCCLT also have the option to buy the former Exmoor Ales site in Wiveliscombe and have until March 2021 to complete the purchase. Following completion they hope to develop a site offering a mix of affordable live and work units.