Purpose

To agree funding and
authorities to deliver the programme

Content

1.           
Approved the following budgets to enable the
delivery of the Council Homes Acquisition Programme (Temporary
Accommodation):

 

·       
Council Homes Acquisition Programme Grant =
£13,248,756

·       
General Fund Borrowing =
£20,041,244

 

2.           
Noted the CHAPS Temporary Accommodation programme
will be delivered under the Greater London
Authority 2021 – 2026 Affordable Housing Contract, from which
a Deed of Variation to include the CHAPS programme generally was
agreed by the Leader as
part of the CHAPS HRA decision of 13 August 2024.

 

3.           
Noted the assumptions outlined in Appendix 1 of this
report, which apply a portfolio approach to the delivery of the
programme and set indicative purchase prices per property against
each bedroom size.    
 
4.           
Delegated to the Director of Regeneration,
Enterprise and Skills authority to acquire properties and otherwise
apply the funding under, and in accordance with, the Council Homes
Acquisition Programme.

         
         

5.           
Noted that on 24th May 2024 the Leader
agreed to amend the scheme of delegation to allocate to himself to
approve matters in relation to the Council Homes Acquisition
Programme.   

 
6.           
Noted that the Council is also under immediate and
sustained pressure to reduce spend on temporary accommodation and
requires the ability to acquire properties in order to fulfil this
duty as a matter of urgency and before the next Cabinet
Meeting.