Decision details
Housing Development Company
PDF 204 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To explore the development of a council owned
housing development company. There is a critical need for
additional housing in the county. Following the outcome of a recent
best practice study of how other Local Authorities across England
have addressed this issue, the Connected Communities Scrutiny
Committee have recommended that the council explore the development
of a council owned housing development company, which is supported
by the Cross Party Housing Working Group.
Decision:
That:
a) To explore the development of a Herefordshire Council owned housing development company, to meet some of the county’s critical housing need.
Alternative options considered:
Alternative options
1. Do nothing – The significant gap in provision will continue.
2. Create a Housing Revenue Account where the council directly develops, owns and operates council housing. A previous study identified that to reach a break-even point on operating and maintaining services, the council would need a stock of circa 1,000 houses. There would be significant revenue cost requirements, and related risk, over a number of years before the council could reach this position. This option is not recommended.
Reason Key: Strategic nature / impact on communities;
Wards Affected: (All Wards);
Contact: Roger Allonby, Service Director Economy and Growth Email: Roger.Allonby@herefordshire.gov.uk Tel: 01432 260330.
Publication date: 06/03/2025
Date of decision: 06/03/2025
Effective from: 13/03/2025
Accompanying Documents:
- Housing Development Company