“With the help of the financing from CAF [part loan from CAF Bank and part social investment from CAF Venturesome], Cornwall CLT is able to provide much needed affordable homes for the community of St Teath. All of the homes were reserved by local families before construction began which we feel is testament to the great need for homes and the quality of home we are providing. These homes will remain affordable to the community forever with Cornwall CLT being the long term steward of the homes for many generations to come.”
Helen Downing, Development Manager, Cornwall CLT
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Community Land Trusts
CLTs are not-for-profit, community-owned, and community-managed organisations run mostly by volunteers and committed to the stewardship and affordability of land, housing and other buildings used for community benefit. CLTs are often used to provide affordable housing aimed to meet local housing needs through keeping an equity share to ensure the property remains affordable into perpetuity. CLT are important enablers of quality and affordable intermediate housing for communities. Because they are mostly structured as community organisation, they are familiar with the community’s needs but also much more nimble than larger developers or housing associations.
CAF Venturesome
CAF Venturesome is the social investment arm of Charities Aid Foundation, and one of the most active players in the UK social investment market. Since 2002, we have supported over 470 charities and social enterprises with £38m of affordable finance. We manage two dedicated CLT social investment funds, supporting community land trusts to flourish.
CAF Bank
CAF Bank is owned by a charity and lends to charitable organisations. CAF Bank can help bridge a funding gap, provide capital to make major plans a reality, or simply support your cash flow so you can focus on what’s important: your mission.
Want to know more about CAF Venturesome?
Talk to our team on 03000 123 300 or email us at venturesome@cafonline.org and we’ll be happy to help.