Decision details

Proposed purchase of a 134-unit City Centre Building

Decision Maker: City Mayor (Individual Decision)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek approval to acquire a 134-unit city centre building.

Decision:

Please Note:  This decision was Called-In under Rule 12 of Part 4D of the Council’s Constitution.  The Call-In was considered by the Overview Select Committee at its meeting on 19 March 2025 where it was withdrawn by resolution of the Committee in accordance with Rule 12 (g) of Part 4D of the Council’s Constitution.  The original decision taken on 3 March 2025 is, therefore, deemed to be revived in its entirety.

 

 

To approve the acquisition of the YoHo building as agreed in the confidential Appendix A. To be financed from the £45m budget approved by Full Council on 21st March 2024 for property acquisitions into the General Fund.

 

Reasons for the decision:

To increase the supply of emergency homelessness single and childless couple accommodation and to release pressure on temporary accommodation in the Housing Register. 

 

Alternative options:

We continue to pursue all other funding routes for the provision of additional affordable housing.

Publication date: 21/02/2025

Date of decision: 03/03/2025

Effective from: 11/03/2025

This decision has been called in by:

Accompanying Documents: