London CLT’s Community Share Offer has now reached a successful conclusion! It closed having reached £450,520 – over 100% of its target £450,000.
Thank you for your commitment to supporting London CLT to develop more permanently affordable homes for local people in the capital! This will contribute to a much bigger impact in terms of more homes for Londoners that need them.
The share offer was supported by Resonance who helped us develop a forecast pipeline of 184 homes on the Olympic Park and South London. All homes will be permanently affordable based on local incomes, and will house over 700 people who would otherwise never have a place of their own in London. We now have political commitments via our partner Citizens UK to over 400 CLT homes, as well as a London mayor who is positive about the role CLTs can play in the capital. It’s a very exciting time and due to the help of our partners and investors we are now in a position to make the most of these opportunities.
Our Community Share Offer was a crowdfunding effort that offers a potential 5% annual return on money invested. Investors were members who invested from £100 upwards. Download the LCLT share offer to find out more.