Purpose

To ensure take up of unspent
grant allocation from DLUHC for the delivery of one 4-bedroom home
by the funding deadline.
 
The purchase of second-hand
properties was also considered; however, these carry a risk that
the purchase may not complete before the deadline and that the cost
of remedial work would make it a more expensive option
thana newbuild off the shelf
purchase.

Content

To purchase a 4-bedroom
property from Keepmoat Homes for the sum of £315,000 in order
to fulfil the authority’s obligations under the Local
Authority Housing Fund programme.