community asset transfer

Community asset transfer is when a local government or public organization hands over ownership or management of a community facility (like a park, community center, or land) to local groups or organizations. The goal is to empower communities to run these assets themselves, often leading to better tailored services, increased community participation, and sustainable use. This process allows organizations with local knowledge and passion to maintain, improve, or develop assets in ways that best serve their community’s needs. It’s a way to promote local involvement and ensure assets are preserved and utilized effectively.