LOCAL AUTHORITY HOUSING FUND - ROUND 3
September 17, 2024 Cabinet (Cabinet collective) Awaiting outcome View on council websiteFull council record
Content
RESOLVED:
1) That the Council
enter a Memorandum of Understanding with MHCLG based on the
prospectus for the Local Authority Housing Fund (see appendix to
the report). Authority be delegated to the Executive Director
(Place) in consultation with the Portfolio Holder for Housing
People and Communities to agree the final terms of the Memorandum
of Understanding with MHCLG.
2)
That the Council accept the total sum of £1,694,876 offered
to the Council by MHCLG under the Local Authority Housing Fund to
deliver the programme understanding the match funding requirements
as set out in the report and attached prospectus.
3)
That, subject to agreement from West Norfolk Housing Company, the
properties will be acquired by West Norfolk Housing Company, funded
by the grant, debt financing and other available
funding.
4)
That Authority be delegated to Assistant Director Resources &
S151 Officer in consultation with the portfolio holder for Finance
to agree terms with West Norfolk Housing Company for the transfer
of properties on the Council’s developments including
arrangements for deferred consideration if necessary.
5)
That West Norfolk Housing Company be requested to work with the
Council to deliver the properties through the fund.
6)
That Cabinet agree to the principle of allocating 4 properties
acquired through the fund to eligible Afghan households.
7)
That Authority be delegated to the Executive Director (Place) to
alter the proposed Florence Fields tenure mix, originally agreed by
Cabinet on the 17th January 2023, where necessary, to
facilitate the disposal of properties previously identified as
Private Rent and/or Open Market Sale, to West Norfolk Housing
Company (WNHC) as affordable housing
Reason for Decision
The
recommendations will ensure that the opportunity presented by the
Local Authority Housing Fund to deliver affordable housing in the
borough will be fully realised and will help to relieve pressures
on the council’s homelessness services.
Related Meeting
Cabinet - Tuesday, 17th September, 2024 6.00 pm on September 17, 2024
Details
| Decision date | 17 Sep 2024 |