About Us
We are a powerful group coming together with one voice in Newham. We want to make sure that we get a regeneration in Custom House that works for everyone AND to provide truly affordable housing for our community, now and in the future.
We were set up in 2018 by members of PEACH Housing Club – the People’s Empowerment Alliance for Custom House – to be a legal entity owned by the community, to give local people a voice in the regeneration of our area.
Community Owned
Anyone who lives, works or has a connection to Newham can join E16 CLT and buy a share for £1. Members can get involved in the work, events and activities that we do and vote for the board. E16 CLT is owned by it’s members – the local people who have bought a share.
One Member – One Vote
Each year, members can vote for board members as well as participating in other big decisions. This is always on the basis of one member, one vote, even if one member invested thousands of pounds they would still only have one vote.
Not For Private Profit
The E16 CLT is here to benefit the community and we are aiming to provide truly affordable housing for local people. Housing that stays affordable forever, not just for the first person who lives there. This means that no individuals will be able to make profit from the CLT such a through renting out a property privately. Any surplus made by the CLT itself will be reinvested in developing the CLT to the benefit of the community.
