Decision details

Use of S106 funds to purchase housing

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To approve the spend of S106 funds to purchase new accommodation for singles, couples and small families.

To approve the use of S106 funds to retrospectively support the purchase of LAHF properties

Decision:

RECOMMENDATIONS:

That Cabinet

a) recommends to Council the use of up to £2.178 million of Section 106 funds, to invest in the purchase of one/two-bedroom homes to be used as temporary accommodation.

b) Subject to decision a) that Council delegates authority to the Head of Development and Corporate Landlord, in consultation with Heads of Housing and Environment, Finance and Legal and Democratic, to take the required actions as outlined within this report to purchase homes.

c) Subject to decision (a), that Council delegates authority to the Head of Housing and Environment, in consultation with Heads of Development and Corporate Landlord, Finance and Legal and Democratic, to determine the use for these properties, with priority being given to use as temporary accommodation to avoid the use of B&B/hotels.

d) Recommends to Council the use of up to £3.8 million of Section 106 funds to financially support the purchase of temporary accommodation under the Local Authority Housing Fund

Publication date: 03/02/2025

Date of decision: 31/01/2025

Accompanying Documents:

  • Use of S106 funds to purchase housing

 

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