Redevelopment and new buildRedevelopmentRedevelopment and adaptation work have been valued at an expected £55.9m investmentover a 30-year period which can be viably funded through the HRA. This ranges fromconversion and upgrading of unpopular bedsit accommodation to conversions of largerolder properties which are no longer fit for purpose.We have commenced a review of our stock which has seen one of our retired living schemesset to close in 2019 due to the level of investment required and its unsuitability for affordablehousing.We will also be commencing a review of our Retired Living complexes to ensure they meetthe future needs of East Suffolk which has a predicted increase in its ageing population.Redevelopment also relates to the purchase of financially viable properties throughout thedistrict that could be upgraded or converted to meet a specific housing need. This allowsthe Housing Service to intervene and act to remedy problematic vacant properties workingclosely with our Private Sector Housing Team and using compulsory purchase options whereappropriate.Renovation of an HMO in LowestoftNew buildThe Council has initiated a programme of land acquisition and new build development to provide additional affordable homes. This hasidentified funding of £47m to 2023. The programme combines HRA funding with funds from other sources. Longer term the Lowestoft andOuter Harbour regeneration proposals are expected to provide a significant opportunity for the development of further affordable homes.In 2017/18 a total of £2.6 million was invested in purchasing and developing brownfield sites with a further £1.8 million in the first 2 monthsof 2018/19. An additional £8.8million is available for 2018/19. Further to this a budget of £23.7million has been set aside for brownfield sitedevelopments during 2019/20 and 2021/22.Our future staffing and maintenance budgets will be regularly reviewed to account for increased stock levels from new build developments.14
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