Leeds Community Homes
The Booster supported Leeds Community Homes' Share Offer as a new initiative giving people the opportunity to invest in the creation of permanently-affordable homes for people in Leeds.
Leeds Community Homes is a pioneering community-led housing project led by three providers:
- Canopy based in Harehills/Beeston who have just been awarded a Unicef Habitat award
- Latch in Chapeltown
- GIPSIL in Gipton/Hunslet which is building on a strong reputation for supporting people as well as providing housing.
Recognising that the housing market was not delivering, especially for the most vulnerable, LCH was setup with a grand ambition to create 1,000 affordable homes in Leeds. They planned to build and renovate homes that they will own – whilst also getting behind groups of local people who, for example, want to set up a co-housing community, or a housing co-op.
With this, they joined the Booster Pilot Programme in 2016 and were awarded a £10,000 development grant that supported the detailed business planning that was required for their first project - developing their 16 permanent-affordable homes to be created in Leeds' new Climate Innovation District. The grant also funded the Standard Mark assessment for the community share offer which was intended to fund the development.
Leeds Community Homes were the first to complete their share offer under the pilot programme, raising £360,000 through a community share offer with £100,000 of matched investment from the Booster programme. With this funding it has forged a deal to build its first 16 flats in the city centre. While nine will be made available for discounted rent, seven will be sold at 60 per cent of market prices, in line with what members believe the city’s would-be first-time buyers can afford.