Council to buy up nine homes for £1.2m - four for larger families

This post first appeared on Derby Telegraph. Read the original article.

Derby City Council is to spend more than £1.2 million buying nine houses for potential rental to people on its housing waiting list.

Up to £800,000 of the cost will be to buy four properties for large families waiting for four or five bedroomed houses.

Currently, there are 180 families on the Derby Homefinder waiting list looking for an affordable four or five bedroom property.

Of those, 21 families are emergency band applicants, meaning that they have been acknowledged by the council to be “statutorily homeless”. Of those, there are seven families who are living in temporary accommodation who need a four or five bedroom property.

The average waiting time in Derby for a four bedroom home is 487 days, compared to 237 days for people waiting for a two bedroom property.

Pictured are the types of homes which Derby City Council could add to its housing stock

Derby City Council is purchasing empty and larger houses to add to its housing stock

The homes, where necessary will be refurbished and then let “at an affordable rent” and managed by Derby Homes.

The money for the homes will come from the council’s housing revenue account borrowing and Government right-to-buy receipts for up to a third of the costs.

And the council is also to carry out compulsory purchase orders at a cost of £436,000 on five long-term vacant houses as part of its empty homes strategy in the city.

Currently, there are estimated to be 2,300 vacant homes and 1,511 empty homes in Derby.

The council uses compulsory purchase powers where the owners of them cannot be confirmed, where probate remains unresolved or where known owners are refusing to make progress.

Once the properties are purchased, they will be assessed for use as rental homes or sold into the private sector, after refurbishment, if they are not suitable.

Both purchases will be discussed by councillors on Wednesday when a meeting of the cabinet takes place in the Council House from 6pm.

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