Decision details

Purchase of seven affordable homes

Decision Maker: Portfolio Holder for Strategic Housing, Leisure Centre Delivery and Spalding Town Improvement

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


Purchase of seven S106 affordable homes in the district, from a developer


  1. To approve the business case and approve the acquisition of 7 affordable homes within Holbeach, for the HRA.
  2. To delegate to the Assistant Director Strategic Growth & Development, in consultation with Deputy Chief Executive (Corporate Development) and S151, to agree the contractual matters (including the terms and conditions which may represent a minor variation to the scheme approved in the business case) such as signing the contract/transfer documents and other incidental actions that may be required, and approving the associated due diligence and valuation required to purchase the properties, and to identify this scheme as a named scheme in the capital programme, in accordance with the approved budget.


Reasons for the decision:

  1. To enable new affordable homes to be delivered which meet identified housing need in the district.
  2. To provide a return on investment as set out in the financial evaluation provided at Appendix A.
  3. To replace homes sold to tenants via right to buy.
  4. To deliver housing solutions which meet local needs and aspirations to ensure that our residents have access to a range of housing options in the district.

Alternative options considered:

Do nothing. In this event, the authority would not purchase the properties. As a consequence, the expected benefits set out in the Reasons for Recommendations section of this report, would not be realised.  Officers would seek to identify alternative, appropriate schemes for consideration by the Executive or Council

Interests and Nature of Interests Declared:


Reason Key: Incurring expenditure above £75,000 threshold in respect of revenue/£180,000 in respect of capital;

Wards Affected: (All Wards);

Conflict of Interest: n/a

Dispensation Granted: n/a

Other reasons / organisations consulted

Ward Members will be consulted

Contact: Caroline Hannon, Head of Delivery Email:

Publication date: 08/06/2023

Date of decision: 08/06/2023

Effective from: 16/06/2023

Accompanying Documents: