Issue - decisions
Housing PFI tenancy conversions – update and year 2 conversions
17/01/2017 - Housing Tenancy Conversions – Update and 2017/18 Conversions
RESOLVED:
i. Cabinet noted the £40 per week rent reduction for Temporary Accommodation units which are included in the PFI contract from April 2017.
ii. Cabinet approved the variable rent increases for Discounted Market Rent units which are included in the PFI contract from April 2017.
iii. Cabinet noted the current position with regard to the first tranche of tenancy conversions, to be completed by March 2017.
iv. Cabinet agreed during 2017/18 to convert up to 122 units of Temporary Accommodation which are included in the PFI contract to alternative tenures, of which at least 72 properties shall be let as Affordable Rent equivalent units and the balance shall be Discounted Market Rent units, as set out in the report
v. Cabinet delegated authority to the Strategic Director Community Wellbeing, in consultation with the Chief Finance Officer and the Chief Legal Officer, to issue to Brent Coefficient Limited a schedule setting out the units to be allocated as Affordable Rent/Discounted Market Rent units in accordance with the PFI contract.