Issue - meetings
Buying new Council homes
Meeting: 17/10/2019 - Executive (Item 655)
655 Buying New Council Homes PDF 199 KB
Additional documents:
Decision:
AGREED RECOMMENDATIONS
Reason for decision – as specified in the report.
Other options considered - none.
Conflicts of interest/dispensations granted – none.
Minutes:
RESOLVED:
2.1 That the success of the current property acquisition programme which has resulted in an additional 60 new homes for homeless families since the programme commenced in July 2018 be noted.
2.2 That the removal of the cap of £6m expenditure per annum for the HRA property acquisition programme agreed in October 2014 be agreed, subject to the Director of Housing being satisfied that the year’s acquisition programme is necessary to meet housing need; and the Section 151 Officer being satisfied each year that the budget provision and programme are affordable for the council and represents value for money.
2.3 That it be noted that the HRA property acquisition programme will be ongoing subject to annual budget provision being made available and approved by the Council.
2.4 That in order to facilitate the extension of the HRA property acquisition programme in 2019-20, the necessary budget virements will be recommended for approval by the Executive in October 2019 as part of the financial monitoring report be noted.
2.5 That the existing HRA acquisition programme, approved in October 2014, be extended to include the purchase of housing properties within the Greater London area for temporary accommodation or general needs housing be agreed.
Reason for decision – to help meet housing need in the borough.
Other options considered - none.
Conflicts of interest/dispensations granted – none.