A set of garages in Peckham have been identified for new community-led housing, with London CLT announced as the preferred partner. This is a crucial step in delivering Southwark Labour’s promise to bring forward the borough’s first Community Land Trust (CLT) scheme.
The project, which will see approximately 12 new homes built on Scylla Road in Rye Lane ward, will be delivered by the Labour-run council in partnership with London CLT – a community organisation which has established similar affordable housing schemes in Tower Hamlets and neighbouring Lewisham, subject to planning permission.
The model put forward by London CLT will see homes for sale with the value of each home tied in perpetuity to local incomes. This means genuinely affordable homes on the site will always remain affordable to local people – delivered by and for the local community.
Welcoming the news of the agreement, Rye Lane Councillor David Parton said:
“It is incredibly exciting to be one step closer to having these new community-owned homes in Rye Lane, and Labour councillors will work closely with London CLT to ensure local residents are part of every step of the process.
“Amidst a housing crisis we need more genuinely affordable homes for local people in our area. Labour-run Southwark Council are already building more new council homes than any other London Borough – including 120 brand new council homes at Flaxyard in Peckham.
“With this Community Land Trust now progressing on Scylla Road, it is clear Labour are delivering genuinely affordable homes for local residents.”