Decision details

1.    Cabinet approved the establishment of Guildhall Residential Lettings (an in-house, not-for-profit social lettings agency that would let and manage private rented accommodation, on behalf of owners, in return for a management fee);

2.    Cabinet approved the drawdown of reserves of £56k (from the ‘Preventing Repossession reserve’) in the current year 2016/17 in order to cover the cost of developing the Social Lettings Agency Business Case and employing a Social Lettings Agency Manager for Quarter 4 of 2016/17.

3.    Cabinet agreed that the resources identified in the table in Paragraph 4.2.1 of the report be reflected in the final budget for 2017/18 and the Medium Term Financial Plan due to go to Cabinet and Council in February 2017.