Decision details

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.

None

None

Adults & Communities Scrutiny Committee

Representations should be made in writing to Corporate Director, Services to Place or Corporate Director Corporate and Support Services.