Decision Maker: Executive Member for Adult Services, Health and Housing
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To approve the use of S106 Affordable Housing capital fund spend of £205,500 to enable the Council to buy out Meadow Vale school’s interest in the property at 100 Priestwood Avenue, (including associated refurbishment costs) for use as temporary accommodation.
The use of S106 Affordable Housing capital fund spend of £205,500 to enable the Council to buy out Meadow Vale School’s interest in the property at 100 Priestwood Avenue, (including associated refurbishment costs) for use as temporary accommodation is approved.
The Council owns a small stock of temporary accommodation to meet the needs of homeless households. These are predominantly two-bedroom properties. Currently there are insufficient larger units for families which increases reliance on more costly nightly paid accommodation. This proposal offers a cost-effective means of providing an additional three bed property for temporary accommodation.
Meadow Vale school has confirmed that the property is no longer required. The option proposed offers a swift and cost-effective means of adding a three-bed property to the council’s temporary accommodation stock. There is also the benefit that the council will continue to own the asset, which will appreciate over time, with a potential to achieve a reduction in nightly paid accommodation costs in future. The alternative option would be to dispose of the property on the open market which would generate a capital receipt, 50% of which would be retained by the council.
Reason Key: Expenditure > £400,000;
Wards Affected: Priestwood and Garth;
Financial Impact: The proposed spend will be entirely funded from commuted funds held within relevant S106 pots
Subject to Urgent Proceedings: No
Making Representations: In writing to the Executive Director: People
Other reasons / organisations consulted
Contact: Mark Barratt, Interim Assistant Director: Early Help and Communities Email: email@example.com Tel: 01344 351447.
Publication date: 29/07/2022
Date of decision: 29/07/2022
Effective from: 06/08/2022