Acquisition of 60 properties to increase affordable housing supply in the borough via the Local Authority Housing Fund
October 25, 2024 Deputy Leader of the Council (Housing, Investment and New Homes) (Cabinet member) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to approve a capital budget of up to £24 million, seek an additional £9.5 million, and proceed with the purchase of 60 properties across 2024/25 and 2025/26 to increase affordable housing supply via the Local Authority Housing Fund.
Full council record
Purpose
Purchase 60 properties as part of the Local
Authority Housing Fund (LAHF) to reduce local housing pressures by
providing better quality temporary accommodation to those owed a
homelessness duty.
Decision
To approve the capital budget of up
to £24m and the proposed approach for spending the LAHF Round
3 funding and to seek additional funding of circa £9.5
million to ensure the purchase of 60 homes. These purchases will
take place across 2024/25 and 2025/26.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 25 Oct 2024 |
| Subject to call-in | Yes |