Funding boost for affordable housing in North Devon
03 August 2020
Community Land Trusts across four parishes in North Devon are due to receive funds to help them move forward with their housing sites.
At a meeting of North Devon Council's Strategy and Resources committee today (3 August, 2020), members were advised that the council is giving approximately £200,000 from its Community Housing Fund to help four parishes progress community-led housing schemes in North Devon. This could enable the completion of up to 57 affordable homes for local people in the parishes of Parracombe, Mortehoe, Lynton and Lynmouth and Georgeham.
The decision to support these projects was made due to the absence of funding available from Homes England for community-led housing; without the funding gap being filled by the council there was a risk that these projects would have been unable to continue.
Councillor Nicola Topham, Lead Member for Housing at North Devon Council says: "We are so pleased that we have been able to fill the funding gap by providing this sum of money to the Community Land Trusts that carry out such important work, enabling the development of much-needed affordable housing in our district. This work has progressed because of the hard work of our officers in spite of the COVID-19 pandemic and the resource challenges this brought."
Since 2016, the council has allocated £774,000 to community-led housing. At the time, “community-led housing” was a new term in North Devon and only one Community Land Trust was in existence (for other purposes than affordable housing). This has grown today (3 August, 2020) to five formal Community Land Trusts in Lynton and Lynmouth, Mortehoe, Parracombe, Combe Martin and Georgeham. These trusts are non-profit and led and driven by local people in small communities.