Families unable to afford somewhere to live are clubbing
together to build their own affordable accommodation in a new trend as
communities are forced to find their own ways of solving the British housing
crisis. Residents across the country are forming community land trusts (CLTs),
membership groups which buy up or lease plots of land and manage them on behalf
of local people. They borrow from councils, government or banks to build new
homes for sale to locals, with prices set at rates linked to real local wages
rather than their prospective value on the open market. There are 170 such
schemes across the UK, expected to build 3,000 new homes by 2020. Read more on
the Independent website.
