Housing Renewal Policy
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To bring forward a review of the Housing Renewal Policy and to incorporate an Equity Release Programme as part of a Norfolk Local Area Agreement initiative.
RESOLVED that the Housing Renewal Policy and the Enhance Equity Release Scheme be adopted.
Reasons for the decision:
1) To enable the Council to offer assistance to help vulnerable households to maintain their properties, enhance their quality of life and to prevent deterioration of Breckland’s private housing stock.
2) The inclusion of the Equity Release Programme taps into an additional £1million external funding stream as part of a joint bid by the seven District Councils to assist in meeting the Norfolk LAA target for Decent Homes. It further increases the potential interventions the Council can make to help maintain the private sector stock (an issue identified in the recent CAA audit).
3) The continuation of the existing schemes and the addition of the equity release option demonstrates the Council’s commitment to improve and maintain the private sector stock. The latest stock condition survey indicates that 17% of the private stock fails the Decent Homes standard.
Alternative options considered:
To adopt the new policy and equity release scheme which reflects current legislative provision widens the scope of available assistance.
Not to adopt the new Policy.
Report author: Gordon Partridge
Publication date: 17/09/2009
Date of decision: 15/09/2009
Decided at meeting: 15/09/2009 - Cabinet
Effective from: 25/09/2009