Issue - meetings

Report of Head of Housing

Summary

This report is to seek approval for a number of schemes using the capital receipts ring fenced for social housing (Homelessness Initiatives) and in line with Cherwell’s Temporary Accommodation Strategy 2008-2011

Recommendations

The Executive is recommended to:

1)                    Approve a Supplementary Capital Estimate for the schemes detailed below, to be funded from earmarked Capital Receipts set-up from the sale of Temporary Accommodation premises.

·     Capital funding for 365, Warwick Road, Banbury - £74,000

·        An Acquisitions Scheme for temporary accommodation - £430,000 (maximum budget)

·        An Acquisitions Scheme for move on accommodation for young people with high support needs –cost based on tender quotations

Recommendations agreed

The Head of Housing submitted a report to seek approval for a number of schemes using the capital receipts ring fenced for social housing (Homelessness Initiatives) and in line with Cherwell’s Temporary Accommodation Strategy 2008-2011

Resolved

1)                       That a Supplementary Capital Estimate be approved for the schemes detailed below, to be funded from earmarked Capital Receipts set-up from the sale of Temporary Accommodation premises.

·     Capital funding for 365 Warwick Road, Banbury - £74,000

·        An Acquisitions Scheme for temporary accommodation - £430,000 (maximum budget)

·        An Acquisitions Scheme for move on accommodation for young people with high support needs –cost based on tender quotations

Reasons – The Temporary Accommodation Strategy will allow the Council and its Partners to focus resources and achieve continuous improvement in performance. The aim of the Strategy is to ensure that greater efficiencies are achieved through better procurement of temporary accommodation provision.  To achieve the Council’s objectives requires the appropriate level of Revenue and Capital Budgets. Any significant financial effects over and above that already incorporated into the Capital & Revenue Budgets will be the subject of further reports. It should be noted that there is £1.8m of Reserves (from the sale of Cotefield House and other homelessness accommodation) earmarked for Temporary Accommodation.

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