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Tories launch CLT taskforce

The Tories have launched a special taskforce to investigate how Community Land Trusts can help first time buyers get on the housing ladder.
Shadow housing minister Michael Gove is leading the initiative based on a model championed by Martin Luther King and the Levellers.
CLTs allow land to be released for development and then owned permanently by a not-for-profit organisation with homes built on the land made available to new purchasers at half the cost they would normally pay.
Owners can then sell on their properties in due course, benefiting from any increase in value of the property, while the land itself remains in the hands of the CLT.
The MP for Surrey Heath says he will assemble a team of lawyers, landowners existing CLT pioneers, planners and local government leaders to explore barriers to the growth of the model and potential solutions.
Gove says: “The sad fact is that the dream of home ownership is literally that- a dream- for too many who cannot ever imagine finding the money for their first deposit on a flat or house.
But we believe that by following the example set by visionary pioneers such as Dr King. that dream can become a reality for many more. That is why the Conservative Party is establishing a new taskforce to explore how we can bring down the barriers which stand in the way of this exciting route to ownership.”

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