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.
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.
At our 7th meeting we constituted as a Community Group with a named chair, treasurer, and secretary.
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.
Deptford Challenge Trust awarded us funding to support us in strengthening our network and links Lewisham community and cover some starting costs.
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.
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.
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!