Issue - meetings
Delivery of Shared Ownership Homes Programme Match Funded by Homes and Communities Agency
Meeting: 18/05/2017 - Executive (Item 159)
159 Shared Ownership Affordable Housing Programme 
PDF 287 KB
The Assistant Director for Housing & Community Safety and the Housing Development Co-ordinator to present a report which outlines the capital grant funding awarded to the Council under the Government’s Shared Ownership and Affordable Homes Programme, administered through the Homes and Communities Agency.
Additional documents:
- Annex 1 - Financial Modelling, item 159
PDF 215 KB
- Annex 2 - Customer Affordability, item 159
PDF 192 KB
Decision:
Resolved: That the Executive:
a) Accepts the Homes and Communities Agency (HCA) grant award of £2.76m, for the delivery of 65 Shared Ownership homes.
b) Recommends to Council a budget of £5.52m for the scheme funded from the HCA grant (£2.76m) and the HRA investment reserve (£2.76m)
Reason: So that the Council can formally accept the HCA investment and deliver this affordable home ownership programme as part of the Council’s ambition to deliver a wider range of tenure products to meet the housing needs of the city.
Minutes:
Members considered a report which outlined the capital grant funding awarded to the Council under the Government’s Shared Ownership and Affordable Homes Programme, administered through the Homes and Communities Agency.
It was noted that the financial modelling and examples of customer affordability were included in Annexes 1 and 2.
Resolved: That the Executive accepts the Homes and Communities Agency (HCA) grant award of £2.76m, for the delivery of 65 Shared Ownership homes.1
Reason: So that the Council can formally accept the HCA investment and deliver this affordable home ownership programme as part of the Council’s ambition to deliver a wider range of tenure products to meet the housing needs of the city.