Decision

Summary of
Decision
 
The Cabinet Member for Regeneration and
Renters has approved the following:

·      
Proposed change of tenure and units from 18 intermediate rent
affordable homes to ten social rent affordable homes at the
Councils Balmoral Castle Darwin House scheme.

·      
Change of tenure to one affordable unit in the Community Supportive
Housing block (Block A) from affordable to private, for use by the
Scheme Manager in connection with the ongoing operation of CSH
Block.

·      
Increased expenditure of £0.837m (increasing the total
approved expenditure from £40.183m previously to
£41.020m).

·      
Use of Right to Buy receipts to increase the funding forecast. This
will offset the additional expenditure requirements (see
recommendation 2.2.3)

·      
Delegated authority to the Executive Director of Regeneration,
Economy and Planning (REP) to:
o  
Approve any necessary terms to effect recommendations
o  
Amend and implement planning as required to carry out the
recommendations
o  
In consultation with the Director of Law, to enter into and or
amend any existing legal and financial documents and planning
agreements to effect recommendations set out in this report
o  
Note that a Local Lettings Plan will be put in place prioritising
new affordable homes for local residents.
o  
Note that the Council may in the future change the tenure, dispose
of or let the private unit within the CSH (Block A) at its
discretion in accordance with the powers vested within it.
 
 
Reasons for
Decision
 
A decision is required to faciltate existing
Scheme Management arrangements in Block A, in addition to securing
expenditure and implementing changes to Block B to deliver large
family homes for social rent in line with the Council’s Truly
Affordable Housing Strategy.The changes will deliver ten new
Council homes for social rent. eight of which are four bed homes,
thereby increasing the Council’s supply of hardest to find
homes.