Issue - decisions

Approval to Spend S106 Commuted Sum Monies to Acquire Move-On Properties for Single Homeless Households

 

 

16/11/2021 - Approval to Spend S106 Commuted Sum Monies to Acquire Move-On Properties for Single Homeless Households

RECOMMENDED that the Executive Member for Adult Services, Health and Housing RECOMMEND to Council that they:

 

       i.         Approve the total capital spend commencing in the 2021-22 financial year, in order to purchase 6 properties to ensure that Council has suitable temporary emergency affordable housing.

 

     ii.         Approve that a proportion of this total to be funded through S106 affordable

 

    iii.         Approve borrowing to fund the remaining balance. The cost of borrowing and MRP (minimum revenue provision) will be met by net rental income so will be cost neutral.