Community Land Trust Fund

Delivering Affordable Sustainable Housing

Building out the scheme

Once you have got your planning permission you need to actually build the homes. This often requires a mix of finance from loans, grants and public funding.  Grants are becoming harder to find and many banks will only lend up to 60% of the value of the land. As a result we provide a top up loan of up to £350,000 to help other lenders feel more comfortable.

Funding from the CLT Fund

The Fund offers social investment of up to £350,000 to enable a CLT to develop the site to completion.

The finance is repayable with interest.

Here’s how it works: you will apply to us for finance to either top up a gap in your finance or to help leverage in other lenders. Take a look at our detailed Application guidance (available soon) for more information on what activities we will fund.

We will pay the monies directly to the incorporated organisation. We’ll keep in touch with you quarterly to see how you are getting on and to offer any additional support you might find helpful. Finance is repayable upon the sale of the homes or if you are developing a rental scheme the drawing down of the mortgage finance.

For our criteria please see our Basic eligibility criteria.

Take a look at our detailed Application guidance (available soon) for more information on our eligibility criteria and what we will fund.

How to apply to the CLT Social Investment Fund

Are you a CLT looking for pre-development or development finance?

The CLT Social Investment Fund is administered by CAF Venturesome and will provide repayable finance to Community Land Trusts looking to build affordable homes in areas of England and Wales that have an acute shortage of affordable housing.

The CLT Social Investment Fund will be open for applications shortly, and we are now accepting expressions of interest from CLTs.

What is the eligibility criteria?

  • Incorporated as a Community Land Trust
  • Based in England or Wales
  • Seeking pre-development finance (repayable finance to support a CLT to get planning permission) or development finance (repayable finance to support a CLT develop its site to completion)

How to express interest?

Write to venturesome@cafonline.org and include:

  • Your name and contact details
  • The name of your CLT
  • A brief description of your CLT and the progress to date

Other sources of funding

The Homes and Communities Agency (HCA)

The HCA provides grant funding to organisations that become registered provider i.e. are registered to provide social housing, or are working in conjunction with a housing association. This covers a percentage of the build costs to allow the homes to be more affordable.

This is administered by the Homes and Communities Agency for England, and the Greater London Authority for Greater London.

The National CLT Network website has an overview of the funding conditions, and top tips for accessing the grants.