Purpose

To ensure take up of a grant allocation from
DLUHC for the delivery of a 4-bedroom home by the funding deadline
of 31 July 2024.
Alternative options that were considered were
to convert a vacant shop unit with living accommodation above into
a 4-bed house, however it is not possible to commit the funding
before the DLUHC deadline as the project has not yet been
procured.
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 than a newbuild off the shelf
purchase.

Content

To purchase a 4-bedroom property from Keepmoat
Homes for the sum of £290,000 in order to fulfil the
authority’s obligations under the Local Authority Housing
Fund programme.