Decision - Living Wage Joint Venture Business Plan - Exempt Category 3

skip navigation and tools

Decision details

Living Wage Joint Venture Business Plan - Exempt Category 3

Decision Maker: Housing & New Homes Committee

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

(1)      That the Committee agrees the Home Purchase Policy at Appendix 1 which enables the HRA to purchase homes, both through the right of first refusal and on the open market (subject to business case).

 

(2)      That it is noted that the policy allows the purchase of accommodation up to £250,000 subject to the purchase meeting the policy criteria.

 

(3)      That it is noted that that the scheme and future budget allocation will be reviewed as part of the HRA budget setting process for 2018/19.

 

(4)      That the Committee recommends to Policy Resources & Growth Committee to approve a budget of £2.000m within the HRA capital programme 2017/18 for the purpose of purchasing former council homes, to be funded from Right to Buy receipts (£0.600m) and HRA borrowing and/or reserves (£1.4m).

 

(5)      That the Policy, Resources & Growth Committee approve a budget of £2.000m within the HRA Capital Programme 2017/18 for the purpose of purchasing former council homes, to be funded from Right to Buy receipts (£0.600m) and HRA borrowing and/or reserves (£1.4m).

 

(6)      That for the duration of the pilot scheme, the allocation should seek to provide 75% general needs accommodation unless the business case is not viable, then 25% to temporary accommodation, and will charge social rents up to living wage rents, subject to the business case model (appendix 2 shows that no subsidy is needed).                   

Report author: Diane Hughes

Publication date: 20/09/2017

Date of decision: 20/09/2017

Decided at meeting: 20/09/2017 - Housing & New Homes Committee

Effective from: 28/09/2017

Accompanying Documents:

 


Bookmark this page using:

Find out more about social bookmarking

These sites allow you to store, tag and share links across the internet. You can share these links both with friends and people with similar interests. You can also access your links from any computer you happen to be using.

If you come across a page on our site that you find interesting and want to save for future reference or share it with other people, simply click on one of these links to add to your list.

All of these sites are free to use but do require you to register. Once you have registered you can begin bookmarking.

Brighton & Hove City Council | Hove Town Hall | Hove | BN3 3BQ | Tel: (01273) 290000 | Mail: info@brighton-hove.gov.uk | how to find us | comments & complaints