Broadhempston Community Land Trust

Date / update
17 Jan 2017
Lead Partner(s)
Broadhempston CLT
Project Planning Authority
Teignbridge District Council
County
Devon
Status
live

Broadhempston Community Land Trust is a community interest company bringing on six self-build homes for local people in housing need. Planning was achieved using a Section 106 agreement.

Based on an affordable, eco-housing model, each homeowner commits to 20 hours a week labour. The “sweat equity” equates to a 25%, and owners can buy up to 50% more on a rent-to-buy basis, with the land trust retaining a 25% stake in the property, plus the freehold of the land.

Properties can only be sold at 80% of the current market value, and only to a local family who need a home.

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