Reducing to 7 Optons


The following list is the outcome of the Demand and Finance test carried out as part of the Education and Housing option appraisal, the original sixteen housing options have been reduced to seven. These options have been listed below, and now need to be discussed with residents

1. Local Authority retains the stock but does the minimum level of works under current funding.
This option assumes that no large-scale works would take place only repair and maintenance. The poor condition of the Woodberry Down estates makes this an unlikely solution, but investigating this option will make clear the current expenditure on repairs and maintenance

2. Local Authority transfers the stock, which is then renovated.
This would involve transfer of the homes to a new landlord, who would then carry out previously negotiated works. A ballot of all Secure Tenants would take place before any proposed transfer

3. Local Authority transfers the stock; selective demolition, rebuild and renovation.
Similar to the above but would involve some demolition and building of new homes. An important factor in this is the location where tenants would be moved to (Decanted) while new homes were being built and the cost of this.

4. Wholesale Demolition and Rebuild by Private Sector at Higher Density.
This option would mean that after all blocks would be demolished and a higher number (higher density) of new homes would replace the old. The ownership of the land and buildings is not clear at this stage

5. Local Authority procures a Repair and Maintenance Service Provision Contract, including selective Demolition, Rebuild and Renovation.
This option is similar in some respects to the current management and maintenance contract (called partnering) between Hackney Council and Paddington Churches Housing Association. The significant difference is that the partner selected would pay for the major works, the Council would then make payments to cover the cost of the works as well as the management service

6. Local Authority procures a repair and maintenance service provision contract, including selective demolition, rebuild and renovation. Service provision for other service providers.
As above but would include a contract covering new buildings and service agreements such as Health and Education.

7. Local Authority transfers the stock; selective demolition, rebuild and/or renovation; and new infill blocks, resulting in increased build density.
Similar to 3 above, but includes extra homes built in appropriate areas between existing blocks (infill).

How will we choose?| The Vision | The Testing Process

The next stage of the option appraisal is the Net Present Value test (NPV). It is expected that the number of options will then be further reduced to four.

The Education Options Available After Demand & Finance Test:


1. Council continues with current management and maintenance programme


3. Refurbishment of existing school to improved standards


5. Local authority transfers land to Housing Association/Developer subject to re-provision of new school under ownership of the local authority


6B. Local authority enters into a service provision contract for new educational facilities on a bundled basis with other service provision

To find out more, download our document ''Education and Housing Options Appraisal-The results of the demand and finance test'

 


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