Response 1056427

Response to request for information

Reference

1056427

Response date

8 March 2023

Request

1. We are looking to find out if the council has done either of the models below for   housing.

1. Sale and Leaseback – Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it.
2. Income Strip – At its simplest, an income strip investment combines a strong tenant covenant, with a long-term lease and a forward funding arrangement to give an investor a stable and secure income stream. The strong tenant covenant frequently comes from the public sector such as local councils, and the long-term lease often runs between 30 and 50 years.

2. Can you advise of weekly rents paid for the following?

1. Temporary accommodation for homeless relief
2. Extra care housing (not including any service charge elements, just the core rent)
3. Housing or beds for adults with complex care needs

3.  Does the council own any land or disused buildings that they would be prepared to sell and or re purpose?

Response

Thank you for your freedom of information request received on the March 3 2023, please find our response below.

1.a - No

1.b - No

2. (1)- The rent charged at the council's temporary accommodation premises is £206.50 (inclusive of service charges; heating, hot water, lighting etc £11.83)

2. (2) We are a stock transfer authority and do not have any council housing including extra care units.

2. (2) We are a stock transfer authority and do not have any council housing including housing or beds for adults with complex needs

3. No