Andy Lloyd CRHT Cumbria CLT Handbook suggested key actions

Actions to consider in Cumbria Suggested Action Description Responsible Bodies A Revolving Loan Fund Established to provide low cost or interest free loans: a)For preliminary scheme costs b)To finance low cost rented homes Local Authorities Cumbria Asset Re- investment Trust (CART) Cumbria Rural Housing Trust (CRHT)

Planning enabling Commitment to identification of viable sites where need exists and sites are on offer Planning Authorities

Section 106 Agreement s / Certificatio n Housing Allocations Establish planning controls which are durable but compatible with lender support for shared ownership mortgages and fair to local people. LDNPA working with Witherslack and Cobbetts solicitors on above. National Park Authority (LDNPA) Local Authorities (LAs) Communities CRHT

Increase support for CLT shared ownership from Mortgage Lenders Work with local lenders to build understanding of the low risk market potential of CLT shared ownership due to safe income multiples and the ‘deposit’ provided by the CLT CRHT CART LAs Communities Government

Build methods Support new build methods and appearances that are a) more cost effective and b) more sustainable Planning / communities / CRHT / A21

Consider CLT umbrella organisatio n? CLTs can be individually rooted in a community or affiliate to cover needs across a wider area. As more communities form trusts there could be a role for an umbrella organisation to provide central support, receive land endowments, or provide financial back-up – for instance where pre-emptive buy back is required to prevent a home being re- possessed by a lender Local CLTs CRHT CART

Facilitate the endowment of public land Councils are able to gift or sell assets at less than market value in order to secure a social return or Well-Being – especially one with such profound ‘cross cutting’ benefit such as local affordable housing. Making land available to a local CLT would deliver a long-term social and economic return, which may reduce the need, services, and produce social and economic benefits which greatly exceed the value of the original asset AND increase council tax receipts by creating more local households. LAs Town & Parish Councils Health Trusts etc

Get the most out of local policies & partnerships: CLTs present a real opportunity for rural or urban communities and their local authorities to work closely with each other to generate positive outcomes. In this way, communities become better informed about how national planning policy recognises their needs, and authorities can support a new regeneration structure which will help to minimise future social costs. Where necessary local policies can be improved so that they work better for communities LAs Strategic Partnerships Communities CRHT