Decision details

Property acquisition to support Housing Options service delivery (D)

Decision Maker: Portfolio Holder for Finance, Commercialisation & Partnerships

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Acquisition of property

Decision:

That the funding identified in the report is utilised from the approved General Fund capital programme budget ‘capital acquisitions re Growth and Commercialisation’ and a similar amount from the MHCLG capital grant allocation, to enable the purchase and adaptation of the identified property in Spalding St John’s Ward.

 

That authority be delegated to the Deputy Chief Executive – Corporate Development s151 to agree a purchase price, oversee due diligence, sign any necessary contract and complete the transfer, and undertake any other actions necessary to secure the purchase of this property and to procure and sign a suitable contract to carry out any necessary refurbishment works, in consultation with Portfolio Holder – Assets and Planning.

Reasons for the decision:

By proceeding with the acquisition and refurbishment, SHDC can make a meaningful contribution to reducing the incidence of rough sleeping in the district. The project will increase the authority’s asset base and provide a return to the authority on its investment. 

 

The expected benefits from the delivery of this project include:

a)  Increasing the accommodation options available to rough sleepers in the district by providing move-on accommodation.

b)  Providing good value for money as MHCLG will contribute £390,026 towards the capital costs of acquiring new accommodation.

c)   Providing a revenue contribution towards staffing costs until March 2024, to support the residents to sustain their tenancies.

d)  Increasing SHDC’s asset base by bringing additional housing stock into the authority’s ownership.

e)  Providing a financial return on SHDC’s investment.

f)    Diversifying SHDC’s accommodation offer.

g)  Enabling SHDC to provide interim accommodation to people who present as homeless, reducing the use of (and costs to the council associated with) nightly paid bed and breakfast accommodation.

 

Alternative options considered:

Do nothing, in which case the identified property will not be purchased and alternative properties may be pursued.

 

Interests and Nature of Interests Declared:

None

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: None

Dispensation Granted: None

Contact: Caroline Hannon, Head of Delivery Email: Caroline.Hannon@sholland.gov.uk.

Publication date: 12/10/2021

Date of decision: 12/10/2021

Effective from: 20/10/2021

Accompanying Documents: