Purpose

Relocation of New Hope provision, to enable
the sale of 64 Rickmansworth Road, capital receipt to then be used
for additional affordable housing.

Decision

Resolved –
 

1.     
that Cabinet recommends that Council provides a capital grant of
£160,000 to Watford Community Housing. This grant to be used
to secure an alternate property for New Hope to deliver services
currently delivered from 64 Rickmansworth Road.

 

2.      that Cabinet recommends
that Council allocates the remaining capital receipt from the sale
of 64 Rickmansworth Road to secure additional housing units. The
sum allocated to be no greater than the total capital receipt
profit, less the £160,000 committed to Watford Community
Housing.

 
Please
note this recommendation from Cabinet is not eligible for call-in
as the report is referred to Council on 16 July 2024 for a
decision.