GLA Edgware Rd Housing Zone – Borough Intervention Agreement (BIA) variation
February 26, 2024 Cabinet Member for Regeneration and Renters (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
...to approve the Council entering into the varied Edgware Road Borough Intervention Agreement, converting a £2m loan to a non-repayable grant and removing the Orchardson Street homes from the agreement to allow for additional grant funding opportunities.
Full council record
Decision
Summary of Decision
The Cabinet Member for Regeneration and Renters has approved the Council entering into the varied Edgware Road Borough Intervention agreement.
Reasons for Decision
Converting the loan to non-repayable grant results in additional funding which supports WCC’s strategic approach to deliver affordable homes in the city, including social rented homes.
Removing the Orchardson Street Homes from the agreement will allow additional grant funding to be sought under the GLA’s Affordable Homes programme and will therefore further support scheme and programme viability.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 26 Feb 2024 |
| Effective from | 5 Mar 2024 |
| Subject to call-in | Yes |