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
  • Yes, there may be that risk. However, this is mitigated by (a) DCLG being unlikely to find out about it, unless flagged up by auditors to them [and that''s why I''m posting anonymously]; (b) although it may not be in the spirit, it seems to be within the letter of the agreements, and there''s nothing prohibiting it; and (c) that if DCLG want to abrogate the agreement then let them worry about how to spend the money while our Members make hay with the political repercussions of DCLG robbing LAs again and preventing us delivering on their Homelessness strategy (such as it is).

    I think we''re all running out of options for spending 1-4-1 and dealing with homelessness, and a modicum of risk is perfectly justified!
Reply
  • Yes, there may be that risk. However, this is mitigated by (a) DCLG being unlikely to find out about it, unless flagged up by auditors to them [and that''s why I''m posting anonymously]; (b) although it may not be in the spirit, it seems to be within the letter of the agreements, and there''s nothing prohibiting it; and (c) that if DCLG want to abrogate the agreement then let them worry about how to spend the money while our Members make hay with the political repercussions of DCLG robbing LAs again and preventing us delivering on their Homelessness strategy (such as it is).

    I think we''re all running out of options for spending 1-4-1 and dealing with homelessness, and a modicum of risk is perfectly justified!
Children
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