Council and democracy
Home > Council and Democracy > Monthly calendar > Election results by party > Agenda and minutes > Issue
This report presents an update on the council’s wholly owned
housing company, Cambridge City Housing Company Limited (CCHC). The updated
business plan for CCHC for the period 2022/23 – 2031/32 is attached. CCHC
performed well over the past year in terms of letting its own stock, with low
void levels, minimal arrears, and low levels of antisocial behaviour over the
past year. The Annual General Meeting will be on 8 March 2023. Since Covid-19,
CCHC leased 5 properties from the council to re-let to
rough sleepers to help meet their needs, providing accommodation to help keep
them safe and provide support. However, this model has proved to be unsuitable
for this cohort and as tenancies are brought to an end,
at the request of the council these leases are being collapsed prematurely.
Decision of the Executive Councillor for Finance, Resources
and Transformation and Non-Statutory Deputy Leader:
·
Note the comments of the Strategy and Resources
Scrutiny Committee on the draft business plan; and
·
To inform the board of directors of Cambridge
City Housing Company of the comments of the Strategy & Resources Scrutiny
Committee for consideration in finalising the Business Plan
Reason for the Decision
As set out in the Officer’s
report.
Any Alternative Options
Considered and Rejected
Not applicable.
Scrutiny Considerations
The Head of Finance introduced the report.
The Head of Finance said the following in response to
Members’ questions:
i.
Would enquire what happens to people whose
leases were closed.
ii.
Financial implications of bringing HRA leases to
a premature close were that any losses that came from damage, failure to
collect rent, leases themselves, the Council would bore the cost.
iii.
The Council had a relatively small number of
properties (23), they are managed by Townhall Lettings. They keep in touch with
tenants and signpost to help when needed. By doing so they have been able to
keep the voids quite low.
iv.
Have not had a problem with large amount of void
works.
v.
Always keep loan under review.
The scrutiny committee approved the recommendations 7-0 (1
abstention)
The Executive Councillor for Finance, Resources and
Transformation and Non-Statutory Deputy Leader approved the recommendations.
Conflicts of interest declared by the Executive
Councillor (and any dispensation granted)
No conflicts of interest were declared by the Executive Councillor.