Decision details

Housing Estates Investment Plan

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Following report approved at November Cabinet, consultation outcome has now been considered and assessment undertaken using the criteria agreed. Now returning to Cabinet with a recommended estate to be the first to benefit from the Housing Investment Plan.

Decision:

 

1.            That the evaluation of estates as set out in Section 2 of this report be endorsed.

 

2.            That Fulham Court and Barclay Close be approved as the pilot HEIP scheme and that the framework of the Draft Investment Plan for Fulham Court and Barclay Close as set out in Section 4 and Appendix 3 of this report be agreed as the basis for developing the detail of the specific projects.

 

3.            That approval be given to the proposed physical improvements components of the Draft Investment Plan for Fulham Court and Barclay Close as set out in Section 4 and Appendix 3 of this report, at an estimated cost of £0.750m to be funded from the existing budget for Fulham Court of £3.469m  held within the Decent Neighbourhoods Pot.

 

4.            That authority be delegated to the Cabinet Member for Housing, the Executive Director of Housing and Regeneration and the Executive Director of Finance and  Corporate Governance to develop an initial pilot project to oversee the disposal of up to 10 void properties to the Council’s Local Housing Company as low cost home ownership units, following which a report will be bought to Cabinet.

 

5.            That the receipts generated from the sale of void properties be earmarked  for affordable housing and regeneration investment purposes at Fulham Court estate and Barclay Close (so far as possible and consistent with statutory pooling regulations), with the first call for reinvestment being the £3.469m.

 

6.            That a Local Lettings Plan be drafted on the basis set out in Section 5 of this report.

 

Report author: Angela O'Connor

Publication date: 25/04/2012

Date of decision: 23/04/2012

Decided at meeting: 23/04/2012 - Cabinet

Effective from: 30/04/2012

Accompanying Documents: