Delivery of affordable housing on Council owned land at Snetterton North End
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To consider a proposal to dispose of land at Snetterton North End for the provision of 10 units of affordable housing to meet housing need.
That the disposal of land at a cost of £90,000.00 to Wellington Construction Ltd for the delivery of 10 units of affordable housing be approved.
Reasons for the decision:
- Approving the disposal of the site at a value less than the District Valuers report would in effect be equivalent to the Council providing a subsidy to the delivery of affordable housing. It would be usual for the Council or the Homes and Communities agency to subsidise a development outside the development boundary through the capital programme or other grant funding.
· Further Exploration with Wellington Construction Ltd has led to agreement from them to share any costs not used which can be accounted back to the land value. They would test the market again to see if any Housing Association would pay more for the units of housing but highlighted the risk that Saffron Housing Association may decide to fill their programme with other schemes if there are further delays to commitment to the project.
· The land which is not sold if retained by the Council could be developed at a later date which in turn could realise a further capital receipt.
- 10 units
of housing will be delivered to meet local housing
Alternative options considered:
Option 1 - Dispose of the whole site at the District Valuers assessment of £155,000.
Option 2 - Offer the site for tender to try and obtain maximum value for the site
Option 3 - Retain ownership of the site and until such time the land is either included within the development boundary or land values improve.
Option 4 - Approve the disposal of the whole site at a value less than the District Valuers assessment to bring forward the units of affordable housing and open space as per the proposal.
Option 5 - Approve the disposal of the area of
land, Wellington Construction Ltd to require the units of housing
at a sum of £90,000 and Breckland Council retain the area of
land not required for open space.
Report author: Darryl Smith
Publication date: 22/11/2012
Date of decision: 20/11/2012
Decided at meeting: 20/11/2012 - Cabinet
Effective from: 30/11/2012