149 Housing Investment Programme Update PDF 147 KB
Additional documents:
Minutes:
The Deputy Leader presented the report of the Chief Executive.
One the Council’s main priorities was to ensure residents had a good place to live, the Housing Investment Programme was an initiative that aimed to ensure that tenants had good homes with security of tenure.
NuPlace continued to be a success with 96% of tenants saying they would recommend its homes to friends and family. NuPlace offered a secure home for life to residents and provided the Council with an income stream that was reinvested into services for residents.
The scheme had delivered 442 homes to date with a further 442 planned or in delivery. Additionally, it had led to the regeneration of 23 acres of brownfield.
Members praised the scheme for its high quality offer, offering residents a home for life if they wanted it, as well as for it’s environmental innovation. The Leader of the Council noted in particular the positive responses of tenants to the homes and their support for the programme.
The Leader of the Liberal Democrat group praised the positive impact NuPlace had on the Council’s revenue.
The Leader of the Conservative group noted his support for the preservation work that the NuPlace scheme had enabled.
RESOLVED – that Cabinet
a) Notes progress made in the delivery of the Housing Investment Programme.
b) Notes financial performance for the year 2021/22 and the impact of Nuplace’s operations on the Council’s budget position.