Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Allocation from the New Homes Bonus grant scheme to cover the capital costs of acquiring and reselling the top five priority empty homes and delegated authority to scale up the pilot if it is successful.
The Executive Meeting have agreed that in order to support the implementation of the Empty Property Strategy the following be approved:-
· the capital expenditure required to acquire the five properties outlined within the proposal contained in the report;
· the costs relating to the legal, purchase and resale costs be covered initially by an allocation from the New Home Bonus grant scheme;
· any surplus made being retained and ring-fenced to support further acquisitions of empty properties subject to an annual review of funding requirements; and
· any gap requirements between the acquisition and resale values, net of any held surpluses made being met from an allocation from the New Homes Bonus grant scheme.
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: Completed for the Strategy
Decision Reference: ED1379
Forward Plan Reference: C43
Other reasons / organisations consulted
Adults & Communities Scrutiny Committee
Representations should be made in writing to Corporate Director, Services to Place or Corporate Director Corporate and Support Services.
Contact: Samantha McNichol, Services to Place Email: email@example.com Tel: 0161 474 4242.
Report author: Samantha McNichol
Publication date: 29/02/2012
Date of decision: 27/02/2012
Decided at meeting: 27/02/2012 - Executive
Effective from: 07/03/2012