Purpose

This
report presents the document Policy and Procedure to spend commuted
sums designated for affordable housing.

Decision

RESOLVED –
 
1. That
the Affordable Housing Commuted Sums Spending Policy at Appendix A
to utilise commuted sums funding paid in lieu of affordable housing
provision be approved.
 
2. That
delegated authority be given to the Head of Housing, Health and
Environment, in consultation with the Portfolio Holder for Housing
and Planning, to make minor amendments to the Affordable Housing
Commuted Sums Spending Policy be approved.

 
REASON FOR DECISION: To
provide the Council with scope to utilise funding to promote
genuinely affordable avenues into affordable housing.