To approve the acquisition of up to six properties from the open market and spend the grant award
Decision Maker: Corporate Director – Economy & Environment
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
To approve the acquisition of up to six
properties from the open market in response to the Covid-19
emergency, to accommodate six people who have long and/or repeated
history of rough sleeping
This is the second decision to be approved following the recent purchase of two of the permitted properties and relates to property number three. This purchase is approved within the budget of £176,400 as detailed below.
The overall funding of £1,058,400 has been approved to purchase the six properties. We are prioritising using the external grant received from the Department of Levelling Up, Housing and Communities first.
Below is a breakdown of the funding allocated for the purchase of the properties
Funding streams - Capital
DLUHC Grant £423,360
BCF Grant available through the IBCF Programme £250,000
Strategic Housing funded from borrowing £385,040
The council has already purchased two properties at a cost of £302,098.57.
• Purchase price £279,950
• Legal/conveyancing/survey fees £2,928.57
• Refurbishment costs £22,220
The council is currently on budget.
Contact: Ross Cook, Corporate Director - Economy and Environment Email: firstname.lastname@example.org.
Publication date: 11/05/2022
Date of decision: 10/05/2022