Decision details

Housing Development Company

Decision 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