Decision Maker: Head of Community Services and Improvement
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Commercial Property Investment Board
(CPIB) approved the use of Teignbridge DC funds to match fund grant
from the Home Office to procure 18 homes for use to house refugees
in the short term and TDC residents in the longer term. Report
attached. This decision enables officers to purchase 18 properties
from the market.
Officers have considered various options
including buying existing satisfactory dwellings and new purchases
from housebuilders. The attached report details the decisions taken
by Officers so far to agree to buy 14 properties. All of these
offers have been accepted and are now with Legal Services to
conduct due diligence and carry out the appropriate conveyancing.
Negotiations by Officers have enabled a £243,000 saving
compared with the marketed price of the properties. Negotiations
continue to procure the remaining 4 properties. The full list of
homes is attached as background document 2.
Publication date: 07/06/2023
Date of decision: 07/06/2023