Decision
Allocation of Affordable Housing Contributions for the Delivery of Shared Equity Housing at Boyneswood, Medstead
Decision Maker: Cabinet
Outcome: Recommendations Approved
Is Key Decision?: Yes
Is Callable In?: Yes
Date of Decision: September 11, 2025
Purpose: To receive and consider recommendations in respect of the allocation of affordable housing contributions.
Content: It was RESOLVED that Cabinet approve: a) The use of £545,000 of Affordable Housing Developer Contributions (AHDC), to fund 7 shared equity homes on the site detailed in the Exempt Appendix, with the release of funds conditional upon a1. and a2. below: a1) Completion of a Deed of Variation to the (affordable housing) planning obligation for the site with planning reference number 25256/050. a2) Payment of the AHDC, by the developer to the Council, as triggered by the terms of the Deed of Variation. b.) The Executive Director of Community in consultation with the Monitoring Officer be delegated authority to take all necessary actions to facilitate the use of the AHDC (referred to in 2.1a above) to fund the 7 shared equity homes on the site detailed in the Exempt Appendix.
Supporting Documents
Related Meeting
Cabinet - Thursday, 11th September, 2025 3.00 pm on September 11, 2025