RESOLVED:
That the Executive:
(i) Approve investing up to £4.000m from Housing Capital Receipt Reserves to:
a) purchase and refurbish a property that will be designated as emergency accommodation for homeless single people; and
b) purchase and refurbish additional properties for use as temporary accommodation for homeless families
(ii) The Head of Housing be authorised, in consultation with the:
· Chief Finance Officer
· Strategic Head of Legal & Governance
· Executive Member for Housing & Support
· Deputy Leader and Executive Member for Finance & Governance
· Executive Member for Investment & Companies
a) To purchase a property that will be designated as emergency accommodation for homeless single people
b) To purchase a number of properties within the agreed budget envelope that will be designated for use as temporary accommodation for homeless families
c) To obtain any necessary surveys, planning consents, quotes and tenders as required to carry out refurbishment work
d) To appoint and enter into any contracts as required, with consultants, suppliers and builders
e) To apply to Homes England for any funding that could increase this budget envelope.