Purpose

To set out the proposal to work alongside
Inspired Solutions to deliver
various development sites across
Huntingdonshire to support housing delivery in particular
affordable housing responding to housing need.

Decision

The Cabinet
 
(a) 
agreed in principle to establish a working partnership with
Inspired Solutions to deliver affordable homes within the district
on various sites – noting an initial aspiration for circa 200
homes; and
 
(b) 
delegated authority to the Corporate Director of
Finance and Resources (S151 Officer), in consultation with the
Corporate Director of Place to negotiate and draft the following
agreements:
 
(i) 
Heads of Terms, Agreement for Leases and eventual
Leases with Inspired Solutions
 
(ii) 
Heads of Terms, Agreement for Underleases and
eventual Underleases with a company associated with Inspired
Solutions; and
 
(iii) 
Nomination Agreements for 100% nomination rights for
all residential units for the period of the underleases.
 
 

Reasons for the decision

To increase the availability of secure
affordable homes in the District for residents and to improve
housing provision.

Alternative options considered

N/A