Money to help Land for People

A non-profit company has been awarded £40,000 by the Welsh Assembly Government to pilot three community land trust (CLT) projects in Powys. The money will help Land for People set up the schemes, which aim to increase affordable housing with greater community control. CLTs use land gifts and public grants to secure land and build houses or renovate old ones for sale or rent. The trust retains the freehold on the land so that the property price can remain low. Social justice and regeneration minister Edwina Hart promised that the scheme will help people on lower incomes to buy their own homes.

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