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Tower-Hamlets-Citizens-Report-FINAL-use-this

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A strong community supports each other in everyday tasks and through bigger difficulties. Good neighbourslook out for our kids, help us in from the car with our shopping and support us to take a stand against nuisancegangs and anti-social behaviour. But if we cannot put down roots then how can be build community?UNSURE34%NO43%Yes23%DO YOU THINK YOURCHILDREN WILL BE ABLE TOSTART A FAMILY IN TOWERHAMLETS WHEN THEY GROWUP?‘A stronger community would look out for its members, it would be less lonely’Anonymous Resident,Council Tenant, Stepney, 24.03.14Community Land TrustsBy 2017, <strong>Tower</strong> <strong>Hamlets</strong> will be home to the first ever urban Community Land Trust (CLT) in the country, when 23CLT homes are built at the St Clements site in Mile End. A CLT is a non-profit organisation that developspermanently affordable housing for the benefit of the local communityIn London, it is estimated that more than half the cost of a home is the cost of the land it is sitting on. On a CLT thecommunity owns that land. This means that the CLT is able to remove the value of land from the cost of thehousing and sell homes for a much lower price.At St Clements, the cost of the homes will be set according to average wages in <strong>Tower</strong> <strong>Hamlets</strong>, meaning that amortgage will be no more than one third of the average local income. This will ensure that local people are nolonger priced out of the neighbourhoods they grew up in and that the homes remain affordable for generations tocome.So, What Do We Propose?To make our community even stronger and allow us to continue to call <strong>Tower</strong> <strong>Hamlets</strong> home we propose that: <strong>Tower</strong> <strong>Hamlets</strong> Council take measures to ensuring the development of more CLT homes in the borough. Thiscould be done by: Negotiating with developers to ensure that a percentage of the units on all new developments are CLThomes, and making available plots of public land for CLTs to be developed

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