Issue details

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

This report seeks spend approval of up to £1,177,200 to purchase 6 x 1 bed/bedsit properties off the open market funded by £450,000 of the unallocated S106 affordable housing commuted sums and borrowing of £727,200, the cost of which will be met by net rental income.  These properties will be council owned affordable rented temporary housing to meet the needs of rough sleepers and other single homeless households.

Decision type: Key

Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 07/10/2021

Decision due: 16 Nov 2021 by Executive

Lead member: Executive Member for Adult Services, Health and Housing

Lead director: Executive Director: People

Department: People

Contact: Sarah Gee, Assistant Director: Early Help and Communities Email: sarah.gee@bracknell-forest.gov.uk Tel: 01344 351447.

Consultation process

Not applicable

Making Representations: In writing to the Executive Director: People

Financial Impact: As above