The following is now the official definition of a Community Land Trust, as found in the Housing and Regeneration Act 2008, Part 2, Chapter 1, Clause 79:
A Community Land Trust is a corporate body which
2) is established under arrangements which are expressly designed to ensure that:
any profits from its activities will be used to benefit the local community (otherwise than by being paid directly to members)
individuals who live or work in the specified area have the opportunity to become members of the trust (whether or not others can also become members)
the members of a trust control it.
This project is part financed by the European Agriculture Fund for Rural Development: Europe Investing in Rural Areas with Defra as the Managing Authority.