Last updated:
8th August 2023
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Housing
See notes
1. 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.
No, Housing do not use any of those instrument models.
2. Can you advise of weekly rents paid for the following?
a) Temporary accommodation for homeless relief: £150 per week.
b) Extra care housing (not including any service charge elements, just the core rent): 190.46 per week, please note this is through Loddon Homes not Wokingham Borough Council.
c) Housing / Beds for adults with complex needs: Not applicable.
3. Does the council own any land or disused buildings that they would be prepared to sell and or re purpose?
The Housing service has no land or buildings that it is currently looking to sell. However, in the past we have occasionally sold individual houses.
