Homes for Lambeth (HfL) Homes Acquisition of Affordable Homes from HfL Build at the Fenwick Place Development
October 2, 2026 Cabinet Member for Housing (Cabinet member) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Cabinet Member for Housing decided to approve Homes for Lambeth (HfL) Homes' acquisition of 27 social rent homes from HfL Build at the Fenwick Place development on 02/10/2026. The decision also approved a loan of £4,370,000 and the payment of £4,890,000 GLA grant and £700,000 Payment in Lieu funds to HfL Homes. The Director of Housing Operations was authorised to enter into necessary legal agreements for the loan.
Full council record
Decision
- To approve HFL Homes acquisition of 27 social rent homes from HFL Build at the Fenwick Place development.
- To approve a loan agreement that makes loan facilities totalling £4,370,000 available to HFL Homes, for HFL Homes to acquire the affordable homes at Fenwick Place from HFL Build, to occur as soon as is practicable but no later than December 2026.
- To authorise the Director of Housing Operations to enter into the necessary security agreement, and any other legal agreements necessary, to enable the completion of the loan agreement, to occur as soon as is practicable but no later than December 2026.
- To approve payment of GLA grant totalling £4,890,000, received by the council for these properties, and payment from the Payment in Lieu funds of £700,000 to HFL Homes, to occur as soon as is practicable but no later than December 2026.
Supporting Documents
Details
| Reference | Call-ins0 |
| Outcome | Recommendations Approved |
| Decision date | 2 Oct 2026 |
| Effective from | 10 Oct 2026 |
| Lead officer | Andrew Anderson |
| Subject to call-in | Yes |