Formation
The Thrift Community Land Trust for Soham was formed as a legal entity in 2014. We aim to support local communities to develop affordable housing and other community assets which will help sustain those communities now and into the future.
Thrift for Soham will effectively act as a steward for any assets developed which means that any income from schemes will be reinvested directly back into the community ensuring that the homes and facilities are provided for the long term.
Homes will be offered for an affordable rent or for part buy/part rent and will be prioritised for local people who need them.
Thrift CLT for Soham is an Industrial and Provident Society (IPS) formed for the benefit of the community of Soham.
Formation
First Tenant moved in
The dictionary definition of ‘thrift’ is quality of using money and other resources carefully and not wastefully. In Middle English (from Old Norse) it meant prosperity.
The Thrift is a strip of land which connected Hasse Rd to the Weatheralls area of Soham.
Before the introduction of the Welfare State many of the local Soham pubs ran a Thrift Club which working people paid into regularly and received help when they were sick and unable to work and at Christmas any money still available was released
Soham Town Council and East Cambridgeshire District Council
We are also being supported by CLT East – the charitable independent body set up to support CLTs in the East of England.
Thrift CLT for Soham is an Industrial and Provident Society (IPS) formed for the benefit of the community of Soham.
Reg no IP032425
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Wednesday 7 PM
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