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Decision details
Housing Acquisition Proposal (Part 2)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decisions:
The Assistant Director, Housing and Built Environment, presented a report to outline proposals to acquire a portfolio of up to fifty additional homes as a means of providing more suitable and cost-effective temporary accommodation solutions for homeless households in Hastings.
Councillor Barnett thanked the housing and finance teams for their work on the report.
Councillor Cannan proposed approval of the recommendation, seconded by Councillor Rogers.
RESOLVED (unanimously):
That Cabinet recommends that Full Council approves:
1. an acquisition programme to acquire up to 50 homes for temporary accommodation use;
2. that a capital budget for £11,865,400 is established to meet the cost of the acquisitions with revenue costs met by the Temporary Accommodation budget; and
3. that delegated authority be given to the Assistant Director, Housing & Built Environment, and the Chief Finance Officer, to complete the acquisitions, including any associated procurement.
Reasons:
1. The Council urgently needs to find more suitable placements for many of the homeless households who the council are required to accommodate whilst arranging access to longer term and more settled accommodation.
2 A programme of acquiring up to 50 homes will provide a better solution for those owed such a duty by the council and will also have a significant positive impact upon the council’s temporary accommodation costs.
3. In addition to the revenue cost savings to be achieved, the Council will be obtaining capital housing assets with no outstanding debt on the properties at the end of a 40-year loan period.
(The Chair declared the meeting closed at 7.32pm)
Publication date: 04/01/2023
Date of decision: 03/01/2023
Decided at meeting: 03/01/2023 - Cabinet
- Restricted enclosure View reasons restricted
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