The Extraordinary Meeting of the Council on 10 June 2024 primarily focused on the approval of funding for the Local Authority Housing Fund (LAHF) Round 3. The council decided to accept the funding, which aims to address housing shortages in Exeter. Discussions also covered the cost breakdown and equality impact assessment of the fund.

Local Authority Housing Fund (LAHF) Round 3 Funding

The council discussed the Local Authority Housing Fund (LAHF) Round 3 and decided to accept the funding. This decision was made to address the ongoing housing shortages in Exeter. The fund will be used to develop affordable housing units, which are crucial for meeting the city's growing demand.

Councillors debated the merits and potential drawbacks of accepting the funding. Proponents argued that the fund would significantly alleviate housing pressures and provide much-needed affordable homes. One councillor stated, This funding is a vital step towards solving our housing crisis and ensuring that everyone in Exeter has access to affordable housing. Opponents raised concerns about the long-term financial implications and the potential for increased local taxes.

Cost Breakdown of LAHF Round 3

The meeting also reviewed the cost breakdown for the LAHF Round 3. The detailed financial plan outlines the allocation of funds for various stages of housing development, including land acquisition, construction, and maintenance. The council scrutinised these costs to ensure that the funding would be used efficiently and effectively.

Equality Impact Assessment

An Equality Impact Assessment (EQIA) was also presented to evaluate the potential effects of the LAHF Round 3 on different community groups. The assessment aimed to ensure that the housing fund would benefit all residents equally and not disproportionately affect any particular group. The council emphasised the importance of inclusivity and fairness in the implementation of the housing fund.