Decision details

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.

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.

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

n/a