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Decision details

Lewisham Homes Loan

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Decision:

Having considered an officer report, and a presentation by the Cabinet

Member for Housing, Councillor Damien Egan, the agreed that

 

(1) the current situation, policy context and pressures concerning the

use of temporary accommodation for homeless households be noted;

 

(2) the progress achieved in meeting the aims of the Lewisham

Homes acquisition programme, including the savings from the reduced

need to place households into nightly paid accommodation be noted;

 

(3) the rationale for a further £20m to be loaned to Lewisham Homes

to acquire additional properties intervention for the purposes of

temporary accommodation and homeless prevention, dependent on the

demands of the service; and

 

(4) the Council provides a loan of up to £20m to Lewisham Homes, on the

terms set out, to enable Lewisham Homes to continue the acquisition

programme as an additional intervention to help manage homelessness

demand, and that the authority to finalise the terms of the loan agreement be

delegated to the Executive Director for Resources and Regeneration.

Publication date: 29/09/2016

Date of decision: 28/09/2016

Decided at meeting: 28/09/2016 - Mayor and Cabinet

Accompanying Documents: