Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 20, 2025

Purpose: In 2023 the Council successfully secured £3.1m of Local Authority Housing fund (LAHF) grant allocation for the purchase of the 17 properties as part of the Ukrainian and Afghan resettlement scheme. In March 2023, Executive approved the release of up to £2m commuted sums (developer contributions for affordable housing) to be used in conjunction with this grant to purchase these properties. Further approving delegated powers for the Deputy Chief Executive to approve the transfer of commuted sums, the end landlord and borrowing terms for each property. The 17 properties have now successfully been purchased and this paper seeks approval to purchase a further single property while remaining within the original budget envelope approved in March 2023.

Content: RESOLVED that the Executive;   1)    noted the Executive decision in March 2023 which approved budget proposals and delegations to purchase 17 homes as part of the Ukrainian and Afghan resettlement scheme and 2)    approved the purchase of further properties within the budget proposals (see finance section) and delegations agreed in March 2023.