St Ives Community Land Trust Ltd is looking to raise up to £500,000 to provide six vital, permanently affordable homes for key workers and other local people, secured under an asset lock for future generations.
St Ives Community Land Trust aims to harness the creativity, goodwill and investment of people who love the town, to tackle its multiple social challenges. Through this offer it is looking to raise finance to progress the development of a community-led approach to creating more affordable housing in St Ives. Read more
The long-term business model for St Ives CLT is to continue to raise capital through community shares and commercial debt as necessary along with donations and grant aid. St Ives CLT aims to buy, renovate and/or build properties for accommodation, business and community use, leading to a portfolio of properties that yield sufficient rental income to ensure the long-term viability of the CLT.
payable yearly from 2020
St Ives CLT is committed to bringing buildings into, or back into, community ownership as this presents a exciting but culturally sensitive way of delivering local housing needs.
This share offer's primary target community is people in St Ives and the surrounding area who are in need of more affordable homes. Through providing more affordable homes to rent, St Ives CLT will serve people who currently find it difficult to buy or rent a decent, affordable home in the town.
St Ives CLT's long term goals are to protect existing community buildings for community use, to promote local economic resilience by providing workspaces and to expand the long-term affordable housing supply.
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