Decision details

Sutton Living Performance Update

Decision Maker: Sutton Shareholdings Board

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

This report presents a performance update
for Sutton Living Ltd and the current risk register.

Decisions:

The Executive Head of Housing and Regeneration introduced the report which set out the performance update and risk register for Sutton Living Limited. Members discussed the potential scaling back of ambitions and what the potential risks factors were. Officers advised that this was related to the availability of buying homes off plan on sites which had been impacted by the upturn in the housing market. Members commented that this was positive for residents if it meant an availability of housing regardless of whether provided by Sutton Living or others. Officers confirmed that that status of acquiring sites for new build homes had not been affected.

 

In addition members discussed the proposed changes to the financial modelling assumptions and endorsed the move to assumptions which were closer to market value.

 

Members requested that a written briefing on Local Housing Allowance (LHA) rate be circulated to members of the committee which the Executive Head of Housing and Regeneration agreed to do.

 

Resolved

 

1.    That the performance update set out at section 3 of the report be noted

 

2.    That the risk register set out at Appendix A (exempt) to the report be noted

 

3.    That the amended financial modelling set out at paragraph 4.6 of the report be approved

Report author: Simon Latham

Publication date: 15/06/2016

Date of decision: 09/05/2016

Decided at meeting: 09/05/2016 - Sutton Shareholdings Board

Accompanying Documents: