Purpose

Cabinet agreed to invest £2,157,000 of capital
reserves, generated from commuted sums and right to buy receipts
held by the council into the provision of temporary
accommodation/rough sleeper housing pathway scheme units on 9 April
2024, subject to an options appraisal.

The options appraisal has been completed and
indicated the most effective way to physically deliver temporary
accommodation is to purchase existing built properties and
refurbish them utilising some of the capital sums.

The Cabinet Member for Housing
the Local Plan then made the decision to commence the
investment of £2,157,000 of capital reserves, generated
from commuted sums and right to buy receipts, into the
provision of temporary accommodation across the district, primarily
through the purchase and refurbishment of existing built
properties following the completion of an options appraisal as
required by Cabinet
on 9 April 2024, subject to
the cost of acquisition and operating costs being within approved
budgets –
view decision.
Approximately 11 units will be purchased.

The council’s wholly owned trading
company, Lichfield
West Midlands Traded Services (LWMTS), is leading on the work to identify and
procure accommodation units in line with the options appraisal.
Each property procurement requires a Cabinet Member
decision.

The report proposes the procurement of the 3rd unit
of the overall approximately 11 units in line with the decisions
made by
Cabinet on 9 April
2024. This procurement will take
the total number of units procured as part of this project up to
1.
 

Decision

The Cabinet Member for Housing & Local
Plan approved the freehold acquisition of a 2 bed bungalow in
Burntwood for the sale price of £265,000.