Housing Query
Dear Sunderland City 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
Re: Your request for information concerning:
Housing Query
The Council aims to provide available information promptly and in any
event within 20 working days, unless, exceptionally, there is a need to
consider whether the information is exempt from disclosure.
I will contact you again soon in connection with your request.
Please quote the reference below if you contact the Council regarding this
request.
Customer Request Number: FOI_6067
Dear Debbie Connal,
I refer to your recent request for information under the Freedom of
Information Act 2000. I can confirm that the Council does hold this
information, as detailed below.
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.
No.
• 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.
No.
Q2. Can you advise of weekly rents paid for the following?
1. Temporary accommodation for homeless relief
Although the Council does hold this information, it would require a
significant manual exercise to be undertaken to extract the information
you have requested which would exceed the fees limit, therefore this
element of your request is refused under Section 12 (Appropriate Limit and
Fees) of the Freedom of Information Act.
2. Extra care housing (not including any service charge elements, just the
core rent)
Extra Care 100% rentals core rents range from £83.81 to £261.04 with the
average amount being £131.24.
Shared ownership rentals range from £0.00 core rent to £125.85 with the
average being £43.56.
2. Housing or beds for adults with complex care needs
The Council are not able to provide an exact figure due to the bespoke
nature of each individual complex needs which could mean the person
needing a General needs property or a CAT 3 bungalow which could have
eligible service charges attached. This rent would be unique to the
person.
In a Reg Care setting the placement cost covers care and support and
accommodation which again is bespoke to the individual with complex needs.
Q3. Does the council own any land or disused buildings that they would be
prepared to sell and or re purpose?
Yes. The Council manage their portfolio of properties to ensure they are
used efficiently.
This information has been provided in response to a Freedom of Information
request and this must be acknowledged in any subsequent use of the
information. In addition, the authority must be notified of any proposed
re-use of this information for commercial or other purposes.
I hope this is satisfactory. If, however, you are dissatisfied with our
response to your request for information, you can ask for the decision to
be reviewed in reply to this letter, however any request for review must
be submitted within 40 days of the date of this freedom of information
response. The review will be removed from the Directorate and coordinated
by the Council’s team of Solicitors. A request for review should be
directed, by email to [1][Sunderland City Council request email] by post or
by hand addressed to Business Support, Sunderland City Council, City Hall,
Plater Way SR1 3DP.
If this fails to resolve your concerns, then you have the right to apply
to the Information Commissioner for a decision.
Kind Regards,
Angela
Angela Snowdon
Programmes and Compliance Officer
City Development Directorate
Sunderland City Council
Email: [2][email address]
[3]oce20902 Supporting Equality Logo Colour
[4]www.sunderland.gov.uk
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