Vision

Overview

CASH develops sustainable spaces for housing, work and play. We seek to collaborate with local authorities and the co-operative movement to house people in safe, secure and supportive environments.

CASH enjoys a support of long-standing housing co-operatives in South-East London and it is currently pursuing a pilot project in this area.

  • Jun 2018

    Members of different housing co-operatives in Lewisham met at a community led housing event, and decided to meet again to start forming a Community Land Trust.

  • Nov 2018

    At our 7th meeting we constituted as a Community Group with a named chair, treasurer, and secretary.

  • May 2019

    After several weeks of carefully examining the articles of association for Community Benefit Societies, we signed them, and enjoyed our first Annual General Meeting as Community Assets for Society & Housing CLT CBS.

  • Jun 2019

    Deptford Challenge Trust awarded us funding to support us in strengthening our network and links Lewisham community and cover some starting costs.

  • Jan 2020

    Community Led Housing London awarded us funding for land research, capacity and feasibility studies, to develop a finance strategy, and for governance and decision-making training.

  • Dec 2020

    We are working to secure our first site by the end of 2020.

We incorporated as a Community Benefit Society and Community Land Trust in May 2019.

Since then we have received grant funding from Deptford Challenge Trust and Community-led Housing Hub, which enabled us to move our operations to the next stage. We have established working groups and a structure for decision making and created our core policies.

We are now researching opportunities for development in Lewisham and neighbouring boroughs, with a view to establishing a pilot project as soon as possible.


First Development

We are working towards securing a site for the first project by the end of 2020.

Our first development will be a working model of sustainable, truly affordable, cooperatively-managed homes. It will benefit the local community in perpetuity.


Ownership, governance and allocation

CASH aims to decouple the ‘value’ of housing from London’s inflated ‘market rates’. The CLT will own the properties, and the land, and prevent it from being privatised in future.

CASH is governed by the co-operative principle of one member, one vote. Investor-members (who will join later in the process) are also entitled to one vote each, regardless of the amount they invest.

CASH will create an Allocations Policy for each development.


Finance and funding

CASH is aiming for its first development to be largely funded by the co-operative movement, and by ethical social lenders.

We will be issuing ‘community shares’ to raise funds from individuals, groups and organisations who share the vision.

We hope to demonstrate that investing in community-led housing is worthwhile, low-risk, sustainable, and a viable method of creating new co-operative spaces in the long-term.

As well as funding, we attempt to harness the skills and knowledge, and physical resources, of the wider co-operative movement. There are lots of ways to contribute to CASH: check out our working groups!


Funders

CASH is generously supported by two strategic funders; Deptford Challenge Trust and Community Led Housing London.

We are grateful for their support in making it possible to advance on this incredible collective attempt to create truly affordable housing!