Issue - meetings

To provide the Committee an update on the Housing Revenue Account New Build programme including acquisitions. 

Members received an update in respect of the new build housing pipeline and also properties that had been acquired using the Local Authority Housing Funding.  The Cabinet Member for Housing and Planning stated that it was necessary to have a robust housing growth strategy in place with a range of ways to acquire properties to help mitigate the sale of Council houses through the Right to Buy scheme and also to increase the Council’s housing stock.

Currently contractors were on site at Swinegate, Grantham building 20 apartments which should be completed in February 2025.  Further work had started in Stamford on a former garage site at Elizabeth Road for four apartments which were due to be completed at the end August 2025.

The Head of Corporate Projects, Performance and Climate Change referred to the funding received from phases 1 and 2 of the Local Authority Housing Fund which had enabled 21 units to be purchased as outlined within the report with phase 1 funding, 8 units were due to be delivered under phase 2 funding.  The Council had met the local need for the Local Housing Authority Fund and therefore no bid was being considered for phase 3 funding.

Members noted the update.