YorSpace is a Community Benefit Society and Community Land Trust. It was created to begin a revolution in how housing development and home ownership is viewed and funded. It was born out of a desire to challenge the lack of affordable, environmentally sustainable housing in York, that is truly centered on the needs of the community. Their ambition is to create truly community-led housing that harnesses funding from the community to improve accessibility to ownership for local people.
Business founded
Registered Society founded 2017
Headquarters
York
What they do
YorSpace is pioneering a model that will create sustainably built and permanently affordable homes while also allowing people to come together and create their own communities. Read more
Financial performance
The YorSpace 2019 share offer will enable YorSpace to meet local housing need while offering an attractive rate of return for investors of 2.5%. By using share funding to purchase land and grant a long leasehold, the Mutual Home Ownership Society tenant is able to ask residents for smaller deposits
First interest payment
in to 'share account'December 2021
(withdrawals from Dec 2022)
Expected return
2.5%
Social performance
By investing in YorSpace CLT, you will take the first step towards revolutionising the way homes are funded, delivered and owned in York. For the first time community share capital will be used to create homes that are not only high performance and community focused, but crucially permanently affordable and outside the housing market.
Who benefits
Through investment in YorSpace community shares, the community can act as the “city’s bank of mum and dad”. Purchasing shares in YorSpace enables them to reduce the deposits required of residents to 10% of net building costs
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