Issue details

Caretakers Lodges Project

The aim of the scheme is to generate income by redeveloping caretakers lodges into low rental, short term accommodation for teaching staff employed in H&F schools, after which they will have the option of accessing the Council wider affordable housing offer e.g. Shared Ownership or Help to Buy.

The discovery work has enabled a business case for investment in repurposing four lodges as affordable key workers houses to house a first cohort of teachers from September 2021.

This is expected to deliver the Council immediate revenue benefits of between £63k and £113k from the schemes launch with a breakeven point from 2025/26 considering the upfront capital invested.

Works scheduled for 2021 are estimated to cost £555,481 and be paid for from Capital Planned Maintenance Budget. Due to the high pre-tender estimated costs for refurbishment to two of the lodges, a procurement strategy will be drafted for approval. This will account for £407,481 of the total pre tender estimated value.

The Corporate Landlord Board, Children’s Leadership Team and Cabinet Member have approved the business case for progression of the first four lodges.

 

Decision type: Key

Reason Key: Expenditure/Income above £300K - Revenue up to £500k and Capital up to 1.5m;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 18/12/2020

Report Type: Key Decision;

Decision due: January 2021 by Director of Resources

Lead member: Cabinet Member for Finance and Commercial Services

Lead director: Director of Resources

Department: The Economy department (former Growth and Place)

Contact: Hannah parrott, Jonathan Skaife Email: Jonathan.Skaife@lbhf.gov.uk.