Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: January 22, 2025

Purpose:

Content: To acquire and refurbish a property in Abergavenny for the purposes of developing a supported accommodation provision for care experienced young people.   To acquire and refurbish the property through drawing down up to £1.35m from the £3m borrowing headroom agreed at Full Council meeting 18th April 2024 under a 10-year term, subject to an anticipated successful capital grant application.   To submit an Integration and Rebalancing Capital Fund (IRCF) / Housing with Care Fund (HCF) application to the Regional Partnership Board for the entirety of the capital expenditure associated with the acquisition and subsequent redevelopment of the property.   To enter into a contract with a suitable external provider to provide the housing-based support for young people residing at the property