Leeds Community Homes share offer launched

Leeds Community Homes is aiming to raise £360,000 to create 16 permanently affordable "people powered homes" in the centre of Leeds.

Picture of houses Leeds Community Homes, a recently formed Community Land Trust for Leeds, has launched a community share offer to raise £360,000 to fund the purchase of 16 homes on a city-centre development.

If the share offer is successful, Leeds Community Homes will retain nine flats for social rental, and sell seven on at an "intermediate" price - around 2/3 of full market value.  There will be restrictions on future sales which ensure that the flats will remain at a more affordable price in perpetuity.

The minimum investment in the share offer is £100, and individuals, as well as organisations, can invest.  The funder Power To Change has agreed to match individual investments, up to a total of £100,000.

More information about the community share offer is available at www.ethex.org.uk/leedscommunityhomes and at www.leedscommunityhomes.org.uk