Issue - items at meetings - FP955 Purchase of Building for New Affordable Homes

Issue - meetings

FP955 Purchase of Building for New Affordable Homes

Meeting: 07/04/2020 - Cabinet (Item 128)

Phase Three Garage Site Redevelopment - Affordable Housing Programme (Forward Plan Reference FP955)

Exempt report of the Corporate Director (Housing and Communities) giving a progress update on the feasibility and development appraisals of three further garage sites and the procurement process to seek a construction partner to deliver the schemes.

Additional documents:

Decision:

(1)     Cabinet approved the update in relation to these three sites in Hatfield in the Phase Three garage site development programme.

 

(2)     Cabinet approved the three garage sites be appropriated at the end of April 2020 from the General Fund to the Housing Revenue Account for the values set out in the financial implications.

Minutes:

Exempt report of the Corporate Director (Housing and Communities) giving a progress update on the feasibility and development appraisals of three further garage sites and the procurement process to seek a construction partner to deliver the schemes.

 

(1)        The Decision Taken

 

RESOLVED:

 

(1)     Cabinet approved the update in relation to these three sites in Hatfield in the Phase Three garage site development programme.

 

(2)     Cabinet approved the three garage sites be appropriated at the end of April 2020 from the General Fund to the Housing Revenue Account for the values set out in the financial implications.

 

(2)        Reasons for the Decision

 

On 5 March 2019 Cabinet agreed that seven garage sites were to be included in the council’s Affordable Housing Programme and be submitted for planning approval and that a further report would be brought to Cabinet to provide an update on the detailed plans and feasibility work undertaken.


Meeting: 11/02/2020 - Cabinet (Item 105)

Proposals to Purchase a Development of 20 Apartments at Swallowfields with the Option of Selling Them to the Local Housing Company (Forward Plan Reference FP955)

Exempt report of the Corporate Director (Housing and Communities) o proposals for the purchase of this development to provide new affordable homes.

Decision:

(1)     The Cabinet agreed to the purchase of the development at Swallowfields as supported by an Independent ‘Red Book’ valuation; subject to legal agreement.

 

(2)     The Cabinet agreed to make available funds from the Affordable Housing Programme to the project for the acquisition, stamp duty and fees. 

 

(3)     If it was possible to include sprinklers in the development, then authority to approve the additional costs would be delegated to the Corporate Directors (Housing and Communities) and (Resources, Environment and Cultural Services), in consultation with the Executive Member (Resources).

 

(4)     The Cabinet noted that before completion a recommendation might be returned to the Cabinet to sell the development or part of the development on to Now Housing Limited at an appropriate value.

Minutes:

Exempt report of the Corporate Director (Housing and Communities) on proposals for the purchase of this development to provide new affordable homes.

 

(1)        The Decision Taken

 

RESOLVED:

 

(1)     That the Cabinet agrees to the purchase of the development at Swallowfields for £3.7M as supported by an Independent ‘Red Book’ valuation; subject to legal agreement.

 

(2)     That the Cabinet agrees to make available up to £3.9M of funds from the Affordable Housing Programme to the project for the acquisition, stamp duty and fees. 

 

(3)     That, if it was possible to include sprinklers in the development, then authority to approve the additional costs would be delegated to the Corporate Directors (Housing and Communities) and (Resources, Environment and Cultural Services), in consultation with the Executive Member (Resources).

 

(4)     That the Cabinet notes that before completion a recommendation might be returned to the Cabinet to sell the development or part of the development on to Now Housing Limited at an appropriate value.

 

(2)        Reasons for the Decision

 

As part of the Council’s Affordable Housing Programme, a range of methods had previously been agreed by the Cabinet to provide new affordable homes and the Council had agreed a plan to deliver 500 homes over five years.

 

A local developer had planning permission to create 20 apartments, 6 studios and 14 x 1 bed flats.

 

The development included some new build and some redevelopment of a derelict office block.