Decision details

To agree an updated and improved offer for home owners, landlords and developers that increases the supply of privately rented homes made available to meet homelessness duties. This includes private rented sector tenancies which the council has no landlord responsibilities for and private sector homes for which the council enters into a lease of fewer than 10 years (Private Sector Leasing). This will contribute to the council better meeting the housing needs of more homeless households and reducing the council’s spend from the General Fund on temporary accommodation.

1.    Agreed the new incentives proposed for Private Rented Sector (PRS) Landlords for new acquisitions from 1 April 2024 and discretionary incentives for renewal of these tenancies from April 2025 onwards.

2.    Agreed the proposed non-financial packages to attract new PRS landlords to work with the Council and maintain our existing portfolio of landlords.

3.    Agreed the proposed top - up incentive payment and package for new leased properties to bridge the gap between the LHA rate and the current market prices from April 2024.