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The Head of Asset Management has:
a) Granted Approval to Purchase the properties detailed in
Confidential Appendix A at market value, as determined by Land
& Property, and authorised them to be added to council housing
stock for allocation to tenants under the resettlement and
temporary accommodation elements of LAHF R2.
b) Authorised the required expenditure to enable the programme to
progress the property acquisitions detailed in Confidential
Appendix A. These property acquisitions will be funded as
follows:
• LAHF grant funding: £20,000 of capital costs plus 40%
of capital costs remaining after the £20,000 has been
deducted.
• HRA borrowing.
c) Noted that the Director of Communities, Housing &
Environment approved the injection of funds from the LAHF R2 grant
along with the Authority to Spend for a total of £2.97m into
the Council Housing Growth capital programme on 31 July 2023.
d) Noted that written approval to bring the properties detailed in
Confidential Appendix A into council housing stock was provided by
the Chief Officer Housing on 15th May 2024.