Purpose

To agree an updated
and improved offer for home owners, landlords and developers that
increases the supply of privately rented homes made available to
meet homelessness duties. This includes private rented sector
tenancies which the council has no landlord responsibilities for
and private sector homes for which the council enters into a lease
of fewer than 10 years (Private Sector Leasing). This will
contribute to the council better meeting the housing needs of more
homeless households and reducing the council’s spend from the
General Fund on temporary accommodation.

Content

1.   
Agreed the new incentives proposed for Private
Rented Sector (PRS) Landlords for new acquisitions from 1 April
2024 and discretionary incentives for renewal of these tenancies from April
2025 onwards.

 

2.   
Agreed the proposed non-financial packages to
attract new PRS landlords to work with the Council and maintain our
existing portfolio of landlords.

 

3.   
Agreed the proposed top - up incentive payment and
package for new leased properties to bridge the gap between the LHA
rate and the current market prices from April 2024.