With the results of the first bidding round now being published, a staggering 69 out of 161 applications were disqualified at the first stage as they did not meet the requirements of the fund.
One of the requirements is that the property must be of community value with all applications where the property is listed as an Asset of Community Value (ACV) are pre-approved.
Applications for round 2 for the community ownership fund would be advised to register the property they are looking to purchase as an asset of community value prior to submission of an application to improve chances of passing stage 1 of the community ownership fund assessment.
Asset of Community Value Application
For advice on making an asset of community value nomination?
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