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.
