Purpose

To approve the use of Affordable Housing Commuted Sums Grant Funding to support a Registered Provider partner in the delivery of new affordable homes at Railway Street.

Decision

The decision has been taken by the Chief Officer Asset Management and Regeneration to approve and grant authority for:

a)  The spend of affordable housing commuted sums grant funding up to £670,000 to support the delivery of a 100% affordable scheme by 54North Homes of 58 new homes for social rent at Leonora House, Railway Street, Burmantofts and Richmond Hill and;

b)  The Council to enter into a grant agreement and nominations agreement with 54North Homes on the terms set out in this report.