Purpose

In 2023 the Council
successfully secured £3.1m of Local Authority Housing fund
(LAHF) grant allocation for the purchase of the 17 properties as
part of the Ukrainian and Afghan resettlement scheme. In March
2023, Executive approved the release of up to £2m commuted
sums (developer contributions for affordable housing) to be used in
conjunction with this grant to purchase these properties. Further
approving delegated powers for the Deputy Chief Executive to
approve the transfer of commuted sums, the end landlord and
borrowing terms for each property. The 17 properties have now
successfully been purchased and this paper seeks approval to
purchase a further single property while remaining within the
original budget envelope approved in March 2023.

Content

RESOLVED
that the Executive;
 

1)   
noted the Executive decision in March 2023 which
approved budget proposals and delegations to purchase 17 homes as
part of the Ukrainian and Afghan resettlement scheme and

2)   
approved the purchase of further properties within
the budget proposals (see finance section) and delegations agreed
in March 2023.