Community led housing is where:

Open and meaningful community participation and consent takes place throughout the development process. Communities do not have to initiate the scheme or build the homes themselves, but many do.
The community group or organisation owns, manages or stewards the homes in whichever way they decide to. There is a presumption that they will take a long-term formal role.
The housing development is of true benefit for the local community, a specific group of people (an intentional community), or both. These benefits are clearly defined and legally protected in perpetuity.

This is a definition used by the national Community Led Homes partnership and has been agreed with Government and Homes England.

Community led housing includes a variety of models such as cohousing, community land trusts (CLTs), community self-build, development trusts, housing co-operatives, self-help housing, tenant management, mutual home ownership, almshouses and potentially other new innovative models. You can read more about some different models at ‘types of community led housing. It includes new build, renovation of existing buildings and regeneration and it can operate across any tenure – home ownership, shared ownership and market, affordable and social rented homes.