Issue - decisions
New Council Housing and approval for development at Ordnance Lane
25/06/2015 - New Council Housing and approval for development at Ordnance Lane
Recommended: That Council approve a budget of up to £3,600,887 to build up to 24 new homes on this site with 30% of this is to be funded from Right to Buy receipts with the remaining funds to come from the Housing Revenue Account Investment Fund and Section 106 commuted sums where available.
Reason: To allow the construction of new homes within an agreed budget whilst minimising the budget draw from the investment fund.