Decision details

Exempt Paragraph 3

Information relating to the financial or business affairs of any particular person (including the authority holding that information)

RESOLVED

That the Cabinet:

a)            delegates the negotiation, approval and completion of all relevant documentation, including legal paperwork necessary to secure the required market acquisitions to the Head of Crawley Homes, Head of Governance, People and Performance, Head of Corporate Finance, in consultation with the Leader of the Council and the Cabinet Member for Housing.

(Generic Delegations 2 & 3 will be used to enact this recommendation)

b)            authorises the Head of Strategic Housing Services in consultation with the Head of Corporate Finance to complete the necessary allocations for the LAHF funding received.

That Full Council to recommended to approve the uplift to the Crawley Homes Acquisitions Budget from available funding sources as detailed in sections 5.9 (use of S106 monies) and 5.10 (10% contingency) and 5.11 (summary of budget requirement) of report CH/210, for the purposes of securing additional affordable housing in order to satisfy the housing requirements that meets the objectives of the LAHF funding allocation.

Reasons for the Recommendations

a)      The LAHF funding allocation is aimed at addressing specific housing needs in the borough, most of which relates to expanding the Council’s temporary accommodation housing stock, along with the need to provide a quota with more secure tenancies, and it is this specific quota that can be better addressed through the expansion of Crawley Homes housing stock, with this report seeking the necessary budget to satisfy this particular LAHF requirement.

b)      The LAHF fund is aimed at achieving additional affordable housing, beyond that which is already being delivered through the affordable housing development programme, whereby this is to be achieved through sourcing the appropriate properties from the market, which is largely subsidised by the LAHF funding allocation, but requires a supporting budget to enable this funding allocation to be utilised.