Issue details

Long Lease Opportunity to provide newly built homes for use as temporary accommodation or discharge of homelessness duty

The report recommends the council or its LLP company entering into a long (40 year) lease for 78 new homes, funded by a lease rental payment, for use either as temporary accommodation or for discharge of homelessness duty. It will secure additional housing to assist in meeting the council’s statutory homelessness obligations and provide a rental income stream. Cabinet is requested to delegate authority to the Corporate Director Communities and the Director of Finance in consultation with the Portfolio Holder for Finance and Resources, the Portfolio Holder for Housing and the Portfolio Holder for Regeneration, Planning and Employment to finalise and enter into the Legal Agreements.

Decision type: Key

Reason Key: Revenue Expenditure > £500,000;

Decision status: Abandoned

Wards/Areas affected: (All Wards/Areas);

Notice of proposed decision first published: 07/10/2020

Anticipated restriction: Part exempt  -

Category: Community;

Urgent: No;

Decision due: 21 January 2021 by Cabinet

Lead Member: Councillor Phillip O'Dell

Lead member: Housing Portfolio Holder

Lead director: Nick Powell

Department: Community Directorate

Contact: Divisional Director, Housing Services Email:, tel. 0208 424 1933.

Consultation process

Ward Councillors to be consulted