Decision Details

On 11 February 2025 Cabinet:-

(i)          Endorsed the recommendations made from the Birmingham Municipal Housing Trust (BMHT) Review (detailed in Appendix 3 to the report) and the actions as detailed in this report;

(ii)      Approved the adjustment of the HRA and General Fund Capital Financing Requirements by £15,023,800 to reflect the revised values of land previously appropriated following an independent valuation exercise;

 (iii)         Approved the revised approach to the delivery of more affordable housing moving forward,through land disposals and partnership arrangements focusing third parties on the delivery of affordable homes on behalf of the Council. This revised approach can be recognised in respect of a number of sites which will shortly be marketed to ensure they are developed out and where appropriate can still deliver a significant contribution in respect of affordable units, One such example being the revised disposal terms in relation to the Primrose Phase 3 site where direct delivery was previously progressed to procurement stage but whereby a conditional disposal to a housebuilder will be recommended to Cabinet Committee for decision imminently;

(iv)         Noted the winding-up of Birmingham Municipal Housing Ltd and Forward Homes (Birmingham) Ltd; dormant companies created to establish the BMHT and Forward Homes brands; and

(v)        Noted the specialist viability toolkit has been purchased and is freely available for staff to use independently of any valuer’s commission.

THE DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 17 FEBRUARY 2025.