Purpose

To approve the acquisition of a minimum of ten
properties from the open market to address the gaps in homelessness
for vulnerable you people aged 18-25.

This is the first property to be approved. This purchase and
refurbishment is within the budget of £181,000 as detailed
below.

The overall funding of £1,810,000 has been approved to
purchase the 10 properties. Strategic Hosing will prioritise using
the external grant received from the Department of Levelling Up,
Housing and Communities first.

Below is a breakdown of the funding allocated for the purchase of
the properties

Funding streams - Capital
DLUHC Grant £910,000
BCF Grant £402,278
S106 Income £497,722
TOTAL £1,810,000