Fellow Since 2007
Community Land Trusts
This profile was prepared when Bob Paterson was elected to the Ashoka Fellowship in 2007.
The New Idea
Bob is creating an intermediate housing market where citizens themselves take responsibility for the distribution of wealth inherent in land and its stewardship for generations to come. In order for this housing market to function properly, Bob establishes three core elements. First, he champions new tools and resources to reinvent and spread Community Land Trusts as a vehicle whereby land is used to provide affordable housing and its value is held in trust for the community. Second, he creates innovative financial mechanisms, such as a community land facilitation fund, that he then works with mainstream lenders to adopt. Finally, he campaigns with government to change policy and create a new legislative framework for community asset and land ownership. By working in this multifaceted way, Bob seeks to increase the scope and control of affordable housing and transform the housing market throughout the U.K. Land values will be captured by communities rather than individuals, and benefits will be passed, in perpetuity, to citizens who were previously excluded from these benefits.