Consideration was given to the report which sought approval to transfer four parcels of Housing Revenue Account (HRA) land to Arches Housing Association and one parcel of HRA land to Johnnie Johnson Housing Association.
The sites to transfer to Arches Housing and Johnnie Johnson Housing Associations would result in the delivery of twenty-two new homes for affordable rent and the Council would receive nomination rights to the properties. The total scheme cost for the Arches development and the Johnnie Johnson represented £3.23m of investment into the borough. Both organisations would request grant funding from Homes England to support their schemes. This funding was time bound and all the developments have to be completed by March, 2021 or the funding offer would be withdrawn.
Evidence of demand for these properties was strong. Housing needs data showed that there were over 6,000 people on the waiting list across the borough.
Delivery of affordable housing schemes was always financially challenging and both housing associations have requested a land transfer for the value of £5K per plot. This reduced land value was in line with funding guidance issued by Homes England, and the Council’s longstanding custom and practice, to enable housing associations to develop new affordable homes in Rotherham. The full open market values for each site have been calculated as well as the reduced transfer values.
Local Ward Members have been consulted on the proposals and their feedback taken into account.
Cabinet Members supported these proposals and any scheme that would reduce the waiting list for properties across the borough was welcomed.
Resolved:- (1) That the transfer of four parcels of HRA land as detailed above to Arches Housing Association for £5K per plot value be approved.
(2) That the transfer of one parcel of HRA land at Orchard Place, West Melton for £5K per plot value be approved.
(3) That the transfer of four parcels of HRA land as detailed above to Arches Housing Association for £5K per plot value be approved.
(4) That the transfer of one parcel of HRA land at Orchard Place, West Melton for £5K per plot value be approved.