Decision details

Off the shelf/new build property purchases for the Council Housing Growth programme

Reference: D50699

Decision Maker: Director of Resources and Housing

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

This decision enables the Council to secure the purchase of new build or off the shelf properties to increase the amount of affordable housing being delivered through the Council Housing Growth programme.

Decision:

The Director of Resources & Housing:

 

a)  Approved the establishment of a new programme of off the shelf, new build property acquisitions, with an initial target of purchasing 150 homes from a range of partners over the next 3 years, and approve the proposed investment of £30m.

 

b)  Granted authority to complete on the purchases, and Authority to Spend, in relation to the first batch of 21 acquisitions in Killingbeck and Seacroft ward. A breakdown of these costs and the terms of the acquisitions are detailed in Confidential Appendix A for commercial reasons. 

 

c)  Delegated decisions to acquire future batches of properties, and to authorise any variations to the terms of the acquisition in relation to the initial batch, to the Director of City Development.

 

d)  Supported the use of retained right to buy receipts and/ or any funding bids required to optimise the funding mix for each batch of acquisitions and noted that decisions about the specific funding mix for each batch of properties, and Authority to Spend for the same, will rest with the Director of Resources and Housing (as per the recommendation of Executive Board members outlined at para 4.1.8).

Reason Key: Financial Impact>£500K;

Wards Affected: Killingbeck and Seacroft;

If exempt from Call-In, the reason why Call-In would prejudice the interests of the Council or the public:: This has been exempted from call in because if the decision isn't implemneted by 31st March there will be a significant financial impact on the Council.

Portfolio Holder: Executive Member for Communities

Other reasons / organisations consulted

Executive Member for Communities

Consultees

Ward members for Killingbeck and Seacroft

Contact: Mark Denton 07891278062 Email: mark.denton@leeds.gov.uk.

Publication date: 10/03/2020

Date of decision: 25/03/2020

Accompanying Documents: