Issue - meetings

Approval to proceed with the council’s phase 4 development programme, committing capital expenditure of £8.832m

Meeting: 22/10/2020 - Cabinet (Item 684)

684 New Build Phase 4 Affordable Development Programme pdf icon PDF 97 KB

Minutes:

Members were advised that the council had an ambitious affordable homes programme which included the construction and acquisition of new homes and the acquisition and refurbishment of existing homes. Since 2015, Thanet District Council constructed or acquired around 120 new affordable homes and a further 34 homes were currently under construction.

 

The council’s housing strategy sets a target for the council to continue this programme into the future and to specifically deliver a further 40 homes. As part of this commitment the council had allocated a further £8.8m to the acquisition and construction of affordable homes.

 

The report presented to Members set out a proposal for the use of this funding to deliver around 36 additional homes, including both acquisition and construction. This would take the overall total so far to 191 homes at a total cost of £33.7m. This represented a significant contribution to meeting local housing needs which would be more than any other provider of affordable housing operating in Thanet.

 

These new homes were urgently required to help meet the needs of the 1,828 households currently on the council’s housing register, including 70 homeless households currently living in temporary accommodation provided by the council.

 

Councillor Whitehead proposed, Councillor Everitt seconded and Cabinet agreed that the capital funding of £8.822m for the approved phase 4 development programme be allocated as set out at paragraph 2.4 to the Cabinet report.