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9 Social Lettings Agency Model PDF 93 KB
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Minutes:
This item was chaired by Councillor Todd-Jones
Matter for
Decision
The Council had been piloting a social lettings (Town Hall Lettings) agency for two years. The report built on the report presented to Housing Scrutiny Committee in March 2015 and aimed to inform Members of the proposed direction of travel for Town Hall Lettings beyond April 2016. The report detailed the outcomes delivered by the social lettings agency to date, covered the proposed role for THL in managing the intermediate market and outlined the business plan moving forward.
Decision
of Executive Councillor for Housing
i.
Noted that the proposed role for Town Hall Lettings in managing the
‘intermediate market’ properties as set out in the officer’s report and
appendix 1
ii.
Noted the 5 year business plan for Town Hall Lettings as detailed in
appendix 1
Reason for the Decision
As set out in the Officer’s report.
Any Alternative Options Considered and Rejected
Not applicable.
Scrutiny
Considerations
The Committee received a report from
the Housing Advice Service Manager regarding the Social Lettings Agency Model.
Members questioned the 7 year subsidy
included in the plan and asked if this had been a factored in to the pilot
projections.
The
Housing Advice Service manager stated that:
i.
An assumption of tenant turnover in
the first three years was in line with the experience of the private sector and
had little financial impact on the project.
ii.
Tenant deposits would be held in line
with the legal requirements of letting arrangements.
iii.
Agency fees of 2 to 3% were considerable
less that high street agencies that typically charged
10 to 11%.
The Committee resolved unanimously to endorse the recommendation.
The Executive
Councillor approved the recommendations.
Conflicts of Interest
Declared by the Executive Councillor (and any Dispensations Granted)
No conflicts of
interest were declared by the Executive Councillor.