Issue - meetings

Acquisition of properties in various localities for use as affordable homes to go into the Housing Revenue Account

 

 

Meeting: 16/12/2025 - Executive (Item 813)

813 Acquisition of properties in various localities for use as affordable homes to go into the Housing Revenue Account pdf icon PDF 142 KB

Recommendation

 

That the Executive approves of the acquisition of 10 newbuild homes, with 4 new build properties in Ripon, all 4 homes for use as shared ownership and 6 newbuild homes in Bedale, 1 of which are for Shared Ownership and the remaining 5 for social rent.  All homes will be taken into the HRA, on terms to be agreed in accordance with this report and as agreed by the Corporate Director for Resources.

Additional documents:

Minutes:

Considered – A report of the Corporate Director Community Development in which approval was sought for the acquisition of 10 new build properties at two separate locations in Ripon and Bedale.  The properties would be acquired for both shared ownership and social rented accommodation and would be taken into the Housing Revenue Account (HRA).  The total cost of purchasing the ten homes amounted to £2,571,200 including all associated on-costs and the purchase contributed to the Council’s target of adding 500 new homes into the HRA. 

 

(Minute dealt with in exempt session)

 

Resolved

 

That Executive approves the acquisition of 10 newbuild homes, with 4 newbuild properties in Ripon, all 4 homes for use as shared ownership and 6 newbuild homes in Bedale, 1 of which are for Shared Ownership and the remaining 5 for social rent.  All homes will be taken into the HRA, on terms to be agreed in accordance with this report and as agreed by the Corporate Director for Resources.

 

Reasons for recommendations

 

The reason for the recommendation is to provide 10 properties of new affordable housing in Ripon and Bedale, which will meet the requirements of the HRA Business Plan for the development of a minimum of 500 new Council homes across North Yorkshire.

 

Alternative options considered

 

The acquisition of “off the shelf” properties from developers forms an important part of the Councils plans for both delivering the HRA Business Plan to provide 500 new Council homes. The acquisition of these properties forms quick wins for the Council, and there were no other viable options for acquisition of new properties available to the Council at the present time.