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400th Housing Gateway Property Celebrated!

Published on:

16 February 2017

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Enfield tenants have hundreds of reasons to be cheerful this week after the Council’s company, Housing Gateway (HGL), purchased its 400th property to reduce expensive temporary accommodation costs.

- Landmark number of 400 homes bought by Housing Gateway
- Enfield Council has saved £1.5m by using these properties
- A practical, effective and intelligent response to budget pressures

Enfield tenants have hundreds of reasons to be cheerful this week after the Council’s company, Housing Gateway (HGL), purchased its 400th property to reduce expensive temporary accommodation costs.

To date, HGL has saved Enfield Council £1.5 million by purchasing properties in the borough and surrounding areas and using them to house residents previously living in expensive nightly paid temporary accommodation.

By placing them in Housing Gateway properties on an assured shorthold tenancy, instead of on short term contracts with private landlords on a short term basis, Enfield Council significantly reduces its costs.

Housing Gateway Board Member and Enfield Council’s Cabinet Member for Finance & Efficiency, Cllr Dino Lemonides, said: “Setting up Housing Gateway was a wonderfully innovative and effective way of easing budget pressures on the Council at a time when central government budgets were being reduced.

“Between 2010 and 2015 we needed to make budget reductions of £118 million and we still need to find a further £58.5 million of savings by 2020/21 because of continuing reductions on central government funding.

“This project has been a huge success in significantly reducing our costs in this area and enabling us to spend our budgets on the vital services our residents depend upon.”

Housing Gateway Board Member and Enfield Council’s Cabinet Member for Housing & Housing Regeneration, Cllr Ahmet Oykener, said: “I am incredibly proud that we have purchased our 400th property which has been successfully acquired by Housing Gateway to house a local family in need.

“Housing Gateway has helped the Council reduce temporary accommodation budget pressures, secure good quality local properties for local families and drive up the standards of accommodation in Enfield by ensuring the properties it lets are well managed and of a good quality.

"This is a practical, effective and intelligent response to serious budget pressures and I am delighted we have been able to find an effective solution to an incredibly taxing problem.”

Half of Housing Gateway properties are two, three and four bedroom homes and the company is actively looking for more suitable homes in Enfield.

Housing Gateway was set up as an Enfield Council owned independent company in March 2014 to reduce an anticipated £3.3 million budget pressure associated with housing families in temporary accommodation in 2014/15 – a figure which was predicted to rise to £7.8 million if no action had been taken.