Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The subject of the decision:
This report sought consideration of various issues regarding affordable housing funding from the following sources: Commuted Sums (Affordable Housing) and Community Housing Fund.
Alternative options considered:
The reason for the decision:
To take account of the legal basis for each commuted sum which is detailed within section 106 agreements for each housing scheme. Each agreement had specific wording (which varied agreement to agreement) which allowed for expenditure towards the cost of increasing affordable housing and, in some cases, improvement of affordable housing.
(1) the expenditure proposals relating to commuted sums (affordable housing) as shown at 1.2.5 of the report be agreed;
(2) the funds committed for the Housing Development Officer post be reduced by £5,504 to cover the full costs of the bids for commuted sums (affordable housing) funding; and
(3) the £75,000 expenditure relating to the Community Housing Fund as shown at 1.3.2 of the report be agreed.
Reason Key: Affects more than 2 wards;
Wards Affected: All Wards;
Other reasons / organisations consulted
Contact: Tony Whittaker, Housing Services Manager Email: firstname.lastname@example.org.
Report author: Tony Whittaker
Publication date: 09/10/2020
Date of decision: 06/10/2020
Decided at meeting: 06/10/2020 - Cabinet
Effective from: 20/10/2020