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RESOLVED:
 
1. The Council will enter a Memorandum of
understanding with MHCLG based on the prospectus for the Local
Authority Housing Fund available at
Local Authority Housing Fund: Round 3 prospectus and guidance -
GOV.UK.  Authority is delegated to
the Chief Executive Officer in consultation with the Portfolio
Holder for People and Communities to agree the final terms of the
Memorandum of Understanding with MHCLG.
2. The Council will accept the total sum of
£568,000 offered to the Council by MHCLG under the Local
Authority Fund to deliver the programme, understanding the external
match funding requirements as set out in the report and attached
prospectus.
3. Cabinet agrees 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. Authority is delegated to Assistant
Director Finance/Deputy S151 in consultation to agree terms for
deferred consideration (if necessary) with West Norfolk Housing
Company in relation to the transfer of properties on the
Council’s developments.
5. The Council requests that West Norfolk
Housing Company works with the Council to deliver the properties
through the fund.
6. That delegated authority is given to the
Chief Executive Officer in consultation with the Leader for the
acceptance of further funding offered to the Council under the
Local Authority Housing Fund (LAHF) or successor programme.
 
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.