Decision Maker: Executive

Outcome: For Determination

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: June 25, 2025

Purpose:

Content: That 1.  The adoption of a leasehold model of ownership as the preferred approach for delivery of temporary accommodation provision under this acquisition programme be approved on the basis as set out in the report and subject to obtaining appropriate external legal advice which the Director of Housing, Planning, Property and Regeneration is satisfied supports the proposals.   2. The creation of a dedicated programme board which will be responsible for the review and recommendation of sites for acquisition under this programme, reporting to the Director of Housing, Planning, Property and Regeneration be noted.   3.  Authority be delegated to the Director of Housing, Planning, Property and Regeneration in consultation with the Portfolio Holders for Renewal, Recreation  and Housing and Resources, Commissioning and Contract Management, Director of Finance and Director of Corporate Services and Governance to approve the acquisition and agree lease arrangements where there is a clear demonstrable financial benefit in doing so (as defined in this report) subject to all prospective acquisitions being formally reviewed and recommended by the programme board.   4.  Funding of up to £1m to meet transaction costs relating to acquiring leases for up to 300 units to be met from the Council’s Invest to Save earmarked reserve be agreed. To note the progress made with three potential acquisitions as set out in Part 2 of this report.