The concept of community business has overlaps with other hybrid organizations such as social enterprises. However as the definition above suggests, a key factor that distinguishes community business from other socially-motivated organizations is that community businesses aspire to transform their local areas through engaging local people as co-creators in delivering goods or services. As such, community businesses have the potential to save or regenerate businesses or assets that may otherwise fail. They can do this because they are able to build high levels of community buy-in and support for ventures and develop innovative and often low-cost business models. Community businesses are also well placed to strengthen local communities by involving local people in decision making and enhancing social capital by, for example, providing vital meeting spaces and developing links between staff, volunteers and customers. The main purpose of community businesses within the housing sector is to provide affordable housing for people in the local area who are otherwise financially excluded from the housing market. Community housing takes on various forms including self-help housing, which largely involves the renovation of empty homes; co-housing, which involves people sharing facilities and living space, and community land trusts, which typically involves a local community buying land and developing properties. In this report we focus on community land trusts and the factors for success that underpin this model of community housing. While the community business model is not new, there has been renewed focus on community business in recent years due to factors such as the transfer of power to communities through the Localism Act 2011 and services being at threat of closure due to changing market conditions, including the recession and reductions in public service spending.