The Chief Officer Asset Management &
Regeneration has:
a) Granted Approval to purchase the properties detailed in
Confidential Appendix A at market value, as determined by Land
& Property, and authorised them to be added to council housing
stock and to be allocated to tenants within the Ukraine and Afghan
household groups.
b) Authorised the required expenditure to enable the programme to
progress the property acquisitions detailed in Confidential
Appendix A. These property acquisitions will be funded as
follows:
· Ukraine scheme: 40% of capital costs plus £20,000
funded by LAHF grant. Remaining balance funded by Homes For
Ukraines tariff grant.
· Afghan scheme (bridging scheme): 50% of capital costs plus
£20,000 funded by LAHF grant. Remaining balance funded by HRA
borrowing.
c) Noted that the Director of Communities, Housing &
Environment approved the injection of funds from the LAHF grant and
Homes for Ukraine’s tariff grant along with the Authority to
Spend for a total of £7.521m into the Council Housing Growth
capital programme on 28th April 2023. Decision ref D56295.
d) Noted that written approval to bring the properties detailed in
Confidential Appendix A into council housing stock was provided by
the Chief Officer Housing on 1st February 2024.