Probably worse than renting. The allowed increase wouldn't cover the mortgage interest due when it came to selling it. They would face a bill for that.
They are being subsidised by getting the land for free.
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In some cases land for development is given to CLTs, free of charge, by a local authority for example. In other cases CLTs may work with developers, who donate the freehold to the CLT after they have made their profits.
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