Decision details

Formation of Local Housing Company - Legal & Financial Appraisals

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider the viability of setting up a local housing company to buy and let properties with Council loans.

Decision:

(1)        That, following consideration of the financial implications, the proposal for the Council to form a Local Housing Company be pursued no further; and

 

(2)        That the Local Government Association be advised of the outcome of the Council’s Feasibility Study.

Report author: Alan Hall

Publication date: 26/04/2010

Date of decision: 19/04/2010

Decided at meeting: 19/04/2010 - Cabinet

Effective from: 05/05/2010

Accompanying Documents: