Venta Living Ltd business plan (exempt appendices)
Additional documents:
Minutes:
At the invitation of the Leader, Councillor Horrill addressed Cabinet as summarised briefly below.
Councillor Horrill stated that one of the key purposes of Venta Living was to provide high quality housing as an alternative to the current offer and highlighted the potential impact of new legislation of a reduction of private rental accommodation. She believed it was unclear what the constraints were on the company to operate in the future and whether it would be possible to use it again to provide future homes?
Councillor Westwood and the Strategic Director responded to the comments made including explaining that the Venta Living housing company model had been established to deal with a particular need but changing circumstances and increased risk for the council from the current funding model meant it was unlikely it would be used again. It was emphasised that the purpose of the report was to consider and approve Venta Living Ltd’s business plan and wider discussion of potential future provision of different forms of housing was dealt with by other means, such as the Housing Strategy.
RESOLVED:
That the contents of the exempt appendices be noted.