Report of Director of Housing.

The Lead Member for Housing presented a report regarding the above.  (For copy see file of Minutes).

Members were reminded that Cabinet at its meeting on 21st June 2007 had agreed to revisit the strategic options to consider how the future investment needs of its housing stock could be met whilst ensuring its ongoing effective management. 

The report recommended that Large Scale Voluntary Transfer (LSVT) be endorsed and pursued as the preferred option for the future ownership and management of the Council’s housing stock subject to further consultation with relevant stakeholders.

The preferred option was based on the outcome of a financial modelling on the future investment needs of the housing stock set against the available resources over the following five years, the findings of the Council’s Stock Options Appraisal Group and a survey of all Council tenants.

RESOLVED :   That Council be recommended to pursue Large Scale Voluntary Transfer as the preferred option for the future ownership and management of the Council’s housing stock subject to further consultation with relevant stakeholders.