Housing Query
Dear Croydon Borough Council,
Q1. We are looking to find out if the council has done either of the models below for housing.
• Sale and Leaseback – Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it.
• Income Strip – At its simplest, an income strip investment combines a strong tenant covenant, with a long-term lease and a forward funding arrangement to give an investor a stable and secure income stream. The strong tenant covenant frequently comes from the public sector such as local councils, and the long-term lease often runs between 30 and 50 years.
Q2. Can you advise of weekly rents paid for the following?
1. Temporary accommodation for homeless relief
2. Extra care housing (not including any service charge elements, just the core rent)
3. Housing or beds for adults with complex care needs
Q3. Does the council own any land or disused buildings that they would be prepared to sell and or re purpose?
Yours faithfully,
Debbie Connal
Information Team Croydon
Digital Services
Assistant Chief Executive Directorate
Bernard Wetherill House
7th Floor, Zone B
Croydon
CR0 1EA
Contact: Information Team
[Croydon Borough Council request email]
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DEAR Debbie Connal
Freedom of information request - FOI/7114
Subject: Housing Query
Your request is being considered and you will receive a response within
the statutory timescale of 20 working days, subject to the application of
any exemptions. Where consideration is being given to exemptions the 20
working day timescale may be extended to a period considered reasonable
depending on the nature and circumstances of your request. In such cases
you will be notified and, where possible, a revised time-scale will be
indicated. In all cases we shall attempt to deal with your request at the
earliest opportunity.
If we are unable to provide you with the information requested we will
notify you of this together with the reason(s) why, and details of how you
may appeal.
Please note that the directorate team may contact you for further
information where we believe that the request is not significantly clear
for us to respond fully.
Kind Regard
Information Management Team
Croydon Digital Services
Assistant Chief Executive Directorate
7th Floor, Zone B
Bernard Weatherill House
8 Mint Walk
Croydon CR0 1EA
Information Team Croydon
Digital Services
Assistant Chief Executive Directorate
Bernard Wetherill House
7th Floor, Zone B
Croydon
CR0 1EA
Contact: Information Team
[Croydon Borough Council request email]
Dear Debbie Connal
Request FOI/7114
Further to your request received on 03/03/2023, I confirm that the Council
has now considered your request under the Freedom of Information Act 2000
Please accept our apologies for the delay in our response to you
Specifically, you have requested the following information:
Q1. We are looking to find out if the council has done either of the
models below for housing.
* Sale and Leaseback - Leaseback, short for "sale-and-leaseback", is a
financial transaction in which one sells an asset and leases it back for
the long term; therefore, one continues to be able to use the asset but no
longer owns it. YES
* Income Strip - At its simplest, an income strip investment combines a
strong tenant covenant, with a long-term lease and a forward funding
arrangement to give an investor a stable and secure income stream. The
strong tenant covenant frequently comes from the public sector such as
local councils, and the long-term lease often runs between 30 and 50
years. YES
Q2. Can you advise of weekly rents paid for the following?
Average weekly rent paid for homeless accommodation by LBC is £294.62.
Rent is charged to tenants based on Local Housing Allowance rates which
offsets this gross cost.
1. Temporary accommodation for homeless relief
2. Extra care housing (not including any service charge elements, just the
core rent)
3. Housing or beds for adults with complex care needs
Unfortunately we are unable to answer this question so cannot identify
these people plus if they are in a residential/nursing home we would pay a
fee including board & lodgings or if they were in supported accommodation
they would hold their own tenancy with the RSL
Q3. Does the council own any land or disused buildings that they would be
prepared to sell and or re purpose? YES and we continuously review our
land and assets to determine if any can be deemed as surplus, we also
respond to any enquiries (disposal enquiries are managed by our corporate
assets team in collaboration with Housing Asset management). Corporate
asset management
The Council publishes Access to Information requests and responses on its
online Disclosure Log. (Any request included within this log will be
anonymised appropriately)
To view the Council’s Disclosure Log, please visit our website available
here:
[1]The Freedom of Information (FOI) Act | Croydon Council
(disclosure-log.co.uk)
If you are dissatisfied with the way the Council has handled your request
under the Freedom of Information Act you may ask for an internal review.
This should be submitted to us within 40 working days of this response.
You can do this by outlining the details of your complaint by:
Email: [2][Croydon Borough Council request email]
Writing: Information Team
London Borough of Croydon
Bernard Weatherill House
Floor 7 - Zone B
8 Mint Walk
Croydon, CR0 1EA
Any requests received after the 40 working day time limit will be
considered only at the discretion of the council.
If you are not content with the outcome of the internal review, you have
the right to apply directly to the Information Commissioner for a
decision. The Information Commissioner can be contacted at:
Information Commissioner’s Office
Wycliffe House
Water Lane
Wilmslow
Cheshire, SK9 5AF
Yours sincerely,
Louise Edwards
Information Team
Croydon Digital Services
Assistant Chief Executive Directorate
Bernard Wetherill House,
Mint Walk,
Croydon,
CR0 1EA
[3][Croydon Borough Council request email]
[4][email address]
References
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1. https://croydon.disclosure-log.co.uk/
2. mailto:[Croydon Borough Council request email]
3. mailto:[Croydon Borough Council request email]
4. mailto:[email address]
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