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: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 07/10/2021
Decision due: 16 Nov 2021 by Executive Member for Adult Services, Health and Housing
Lead member: Executive Member for Adult Services, Health and Housing
Lead director: Executive Director: People
Contact: Sarah Gee, Assistant Director: Early Help and Communities Email: email@example.com Tel: 01344 351447.
Making Representations: In writing to the Executive Director: People
Financial Impact: As above