Council Housing Growth Programme - Property Acquisition for LAHF Scheme, Acquisition Number 2

Director of City Development (Officer) Approved View on council website
Full council record

Decision

The Chief Officer Asset Management &
Regeneration has:

a) Granted Approval to purchase the properties detailed in
ConfidentialAppendix A at market value, as determined by Land &
Property, andauthorise them to be added to council housing stock
and to be allocated totenants within the Ukraine and Afghan
household groups.

b) Authorised the required expenditure to enable the programme to
progressthe property acquisitions detailed in Confidential Appendix
A. Theseproperty acquisitions will be funded as follows:

·Ukraine scheme: 40% of capital costs plus £20,000
funded by LAHFgrant. Remaining balance funded by Homes For Ukraines
tariff grant.

·Afghan scheme (bridging scheme): 50% of capital costs plus
£20,000funded by LAHF grant. Remaining balance funded by HRA
borrowing.

c) Noted that the Director of Communities, Housing &
Environment approvedthe injection of funds from the LAHF grant and
Homes for Ukraine’s tariffgrant along with the Authority To
Spend for a total of £7.521m into theCouncil Housing Growth
capital programme on 28th April 2023. Decision ref D56295.

d) Noted that written approval to bring the properties into council
housingstock was provided by the Chief Officer (Housing) of
Communities, Housing& Environment on 17th March 2023.

Supporting Documents

DDN.pdf
Report.pdf
Equality Assessment.pdf

Details

OutcomeRecommendations Approved