Purpose

To establish a new programme
within the General Fund to acquire and develop additional
accommodation to meet current corporate priorities including the
pressures of homelessness.

Content

(Key
decision):
 
(1) To approve the General Fund
Accommodation Programme in-line with the following business case
principles:
 
i. Each scheme
must reduce overall cost to the council;
ii.
Any HRA land used shall be appropriated into the General
Fund;
iii.
Acquisitions will be limited to the freehold;
iv.
Third-party leases must be value for money;
v.
All arrangements are subject to full legal and financial due
diligence.
 
(2) To approve making an
initial allocation within the 2025/26 General Fund Capital
Programme of up to £3.17m, subject to Full Council
approval.
 
(3) To approve entering into a
Nominations Agreement with Eastbourne Housing Investment Company
Ltd.
 
(4) To authorise the Assistant
Director – Property and Development, in consultation with the
Director of Finance and Performance (S151 Officer) and Lead Member
for Housing and Homelessness, to take all necessary actions to
deliver the programme, including acquisitions, appropriations, and
developments, as well as determining and executing all leases,
contracts, funding agreements, nominations agreements and fees, and
other related documentation.