Purpose

To
determine whether to support a second round application to the
Local Authority Housing Fund (LAHF) and sign the associated
Memorandum of Understanding (‘MoU’).

Decision

The Chief Executive Resolved
to:
 
1.   
Approve the signature of the Memorandum
of Understanding (‘MoU’)
with government in respect of round two of the Local Authority
Housing Fund (‘ LAHF’);
2.   
Agree to accept the further proposal from
Cottsway Housing to fulfil the requirements of the LAHF on behalf
of the Council in respect of the delivery of a further 4 additional
affordable homes;
3.   
Agree to continue to pursue additional
government funding for a further three units of affordable housing
and if offered approves the subsequent amendment to the
MoU;
4.   
Agree to passport the funding received by
the Council to Cottsway Housing underpinned by a funding agreement
setting out the relevant grant terms;
5.   
Agree to provide funding (if necessary)
from relevant refugee budget to fit out properties to an
appropriate standard for affordable provision as set out in
paragraph 4.2 of the report;
6.   
Agree to bring a report back to the
Executive to consider an allocation of S106 funding if the LAHF
funding for an additional three units does not come forward from
government.