|Name||London Community Land Trust|
|Sector||Affordable housing, community building|
|Year of beginning||2007|
|Object||London CLT aims at providing permanently affordable homes, addressing in this way the growing gap in the housing market between people who qualify for social housing and those who can afford to buy a home on the open market.
London CLT was born as the East London CLT in 2007, set up by London Citizens. It was the result of a long-lasting grassroots campaign led by Citizens UK, with its roots lying in the 2004 bid for the Olympic Games. In 2015, local community groups in Lewisham, Croydon and Southwark asked to work on the construction of CLT’s in other areas.
London CLT is an independent organization, governed by its own members according to the principles of community organizing. Anyone who lives or works in the area can buy a share for £1 and become a member. Each year, the members chose the components of the Board through an election process.
Apartment’s prices are set according to local wages, based on the idea that a person should not spend on housing more than 1/3rd of his salary. Houses are allocated by an independent panel.
The first CLT to be created is the St. Clement’s CLT.
112 CAVELL STREET WHITECHAPEL LONDON E1 2JA