Community Shares for Community-Led Housing

Somerset Co-op CLT is seeking community shares to build new, sustainable, affordable housing. We are keen to hear from anyone who might wish to invest, whether it is a large investment or very, very small (yes, you can still join for £1 if you live in Somerset - but if you invest £50 or more we pay a fair rate of interest, so you end up withdrawing more than you put in).

With over 4,000 households searching for homes in the Somerset West and Taunton district, affordable housing is hard to come by. But Somerset Co-operative Community Land Trust (SCCLT) hopes to provide homes and support for people in housing need by building 30 affordable homes in Taunton and Wiveliscombe.

These new homes offer unique opportunities. The development will include spaces and support for residents to find work opportunities or launch businesses. Residents can also join the Trust as directors, meaning they are empowered in ways that tenants rarely are.

To find out more information about the Share Offer – for all the relevant information and to apply online, please go to www.ethex.org.uk/somersetclt2020.


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