Using retained RTB receipts to buy temporary accomodation

My client is proposing to buy temporary accommodation for homeless families. The acquisition is to be financed by using 30% retained RTB receipts and the balance from General Fund borrowing. The argument is that these properties can be defined as Social Housing under Part 2 of Housing & Regeneration Act 2008. Has any other Authorities undertaken such acquisitions and if so how did they get on when the Pooling Return was audited?
Parents
  • Hi, I know that this is a couple of years on from the discussion, but I did anyone end up using 1-4-1 RtB receipts for Temp Accommodation within the General Fund? Or did anyone come up with any more ways to utilise these receipts within the 3yr window?

Reply
  • Hi, I know that this is a couple of years on from the discussion, but I did anyone end up using 1-4-1 RtB receipts for Temp Accommodation within the General Fund? Or did anyone come up with any more ways to utilise these receipts within the 3yr window?

Children
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