CORNWALL Community Land Trust (CLT) have expected funds to be rolled out from early 2017, after success with projects across Cornwall, including St Teath.

Cornwall CLT will be charged with promoting higher levels of affordable home developments across Cornwall in the coming years.

Working with local CLTs, parish councils and community groups, Cornwall CLT has ambitions to more than double new affordable home development across Cornwall and the Isles of Scilly to more than 50 new homes per annum.

The fund — which has been raised through stamp duty land tax on second homes — is intended to bridge the viability gap on community-led affordable housing schemes; to produce more affordable homes for rent, shared ownership and discounted sale.

Cornwall CLT has completed housing schemes at St Teath, Landrake and St Martins, Isles of Scilly, during 2016.

Eight homes for sale at less that 60% of market rate are now occupied at St Teath, built by KMD — Will Kitto and Richard Morey, builders from the village.

The delighted local occupants from the community are now paying on average less than two-thirds than they were previously paying in private rent, whilst now enjoying a new, much more spacious, higher quality more fuel efficient, brighter and more secure home than previously — another success for Cornwall CLT.

A spokesperson for Cornwall CLT said: “We thank the government and Sarah Newton MP for their efforts. If you would like to know how Cornwall CLT can support the ambitions in your community, please contact us.”

For more information, visit www.cornwallclt.org