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Sound Finances mean Council can invest £54 million in Council housing stock.

Cllr_Long_outside_Stour_Close_Bungalows_in_West_Bletchley.jpg

Milton Keynes Labour led Council is investing £53.992 million in its council housing stock in 2017/18.

The investment will see 76 new council houses built and around another 40 homes purchased.

There will be improvements to blocks of flats, including an extra £1 million on fire safety. There will be improvements to sheltered housing. A further £8 million will be spent on new roofs and windows. There will be investment in heating upgrades, new boilers and new kitchens as well as £680,000 in "Aids and Adaptations" to improve safety in the homes of older and disabled tenants.

The investment comes from a number of Council funding areas:

Table 1

Area £ Amount (Millions)
Capital receipts 5.763
Major Repairs Allowance Fund  18.711
Revenue Contributions 29.516
   
TOTAL 53.992

Cllr Nigel Long, Cabinet Member for Adult Social Care and Housing on Mk Council said, “The Council is strongly committed to investing in improvements to the 14,000 homes it owns. We are also committed to building and acquiring new homes. I am delighted that through sound financial management we are able to invest £54 million this year.”

However, the investment comes from the Council's own income sources, it is not funded through borrowing because of the Government cap on what the Council can borrow to invest in council housing.

Cllr Long added, “If the Government removed the cap on our ability to borrow we would invest millions more in building new genuinely affordable homes for rent and sale. Both the Milton Keynes MPs have consistently refused to back the removal of the cap. They are wrong not to help make the case for increased investment in new homes and regeneration.”

Cllr Long concluded, I am pleased that from the record £54 million investment this year we will see improvements to blocks of flats, including an extra £1 million on fire safety, to sheltered housing, to heating upgrades and new kitchens as well as new homes. But there is so much more to do. We need the freedom to borrow to invest. The MPs must support the Council.”

Table 2: Area of investment in 2017/18

Housing HRA

 

2017/18 Financing

 

 

SAP code

Scheme Title

Capital Receipts

Major Repairs Reserve

(MRR)

Revenue Contribution

Total

2017/18

WBS

 

£

£

£

£

 

 

 

 

 

0.00

 

Reactive Works

 

 

 

0.00

9/C/00185

Aids & Adaptations

220,000.00

460,000.00

 

680,000.00

 

 

 

 

 

0.00

 

Non Regeneration Programme

 

 

 

0.00

9/C/00173

Melish Court Fire Safety Upgrades

 

560,200.00

 

560,200.00

9/C/00141-040

Clifton Court CHP

 

480,000.00

 

480,000.00

CPN0029

Bathrooms

 

550,000.00

 

550,000.00

CPN0030

Electrics

 

550,000.00

 

550,000.00

CPN0031

Kitchens

 

1,650,000.00

 

1,650,000.00

CPN0032

External/Structural Works

 

8,650,000.00

 

8,650,000.00

CPN0034

Boiler replacement

 

1,500,000.00

 

1,500,000.00

CPN0036

Communal Heating

 

1,000,000.00

 

1,000,000.00

CPN0056

Urgent Failing Components

 

550,000.00

 

550,000.00

9/C/00161

Planned Heating

 

259,816.27

 

259,816.27

9/C/00163

Saints Garages Walkway

 

223,511.00

 

223,511.00

9/C/00168

Communal Improvements

 

375,000.00

 

375,000.00

9/C/00170

MC2 Balcony Refurbishment P2

 

492,226.67

 

492,226.67

9/C/00138-140

Harrier Court

 

408,682.58

 

408,682.58

9/C/00155

Block Improvements

 

155,391.70

 

155,391.70

9C/00139-020

Carpenter Court Fire Safety Upgrades

 

390,000.00

 

390,000.00

9C/00139-030

Bellfounder House Ceiling Upgrades

 

390,000.00

 

390,000.00

9/C/00171

Everglades Fire Safety Upgrades

 

67,053.00

 

67,053.00

 

 

 

 

 

0.00

 

Regeneration Programme

 

 

 

0.00

CPN0041

Regeneration Programme

750,000.00

 

18,332,100.29

19,082,100.29

 

 

 

 

 

0.00

 

Provision of Additional Affordable Housing

 

 

 

0.00

CPN0039

New Build Programme

562,999.94

 

1,313,666.54

1,876,666.48

9/C/00126

Three Garages

101.10

 

235.90

337.00

9/C/00146

Conversion of 66-70 High St Two Mile Ash

1,169.56

 

2,728.98

3,898.54

9/C/00156

New Council Housing - 4 Garage Sites

612,964.56

 

1,430,250.66

2,043,215.22

9/C/00160

1 Fren Grove

17,754.96

 

41,428.24

59,183.20

9/C/00174

Purchase of Properties

2,499,630.38

 

5,832,470.90

8,332,101.28

9/C/00175

Purchase of Properties - Blind Pond farm

24,641.01

 

57,495.69

82,136.70

9/C/00177

Cotsfoot New Council Houses

151,629.30

 

353,801.70

505,431.00

9/C/00178

Franklin Croft New Council Houses

275,058.00

 

641,802.00

916,860.00

9/C/00179

Kellen Drive New Council Houses

259,926.30

 

606,494.70

866,421.00

9/C/00180

St Georges New Council Houses

237,812.40

 

554,895.60

792,708.00

9/C/00181

Germander New Council Houses

125,924.25

 

293,823.25

419,747.50

9/C/00183

52 Westfield

23,852.98

 

55,656.94

79,509.92

 

 

 

 

 

0.00

 

TOTALS

5,763,464.74

18,711,881.22

29,516,851.39

53,992,197.35

Notes: Councillor Long is pictured above outside OAP Bungalows in Stour Close, West Bletchley. He says: “These should get window upgrades.”

 

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