Decision details

To recommend approval for the acquisition of Citygate House, St Margaret’s Way for the sum as set out in the confidential Appendix B attached, plus £150k for professional fees and surveys.  This will be financed using a combination of Right to Buy Receipts, Allowable Debt and Prudential Borrowing, from existing budgets held within the HRA Capital Programme.

Approval of the acquisition of Citygate House as agreed in the confidential Appendix B plus £150k for professional fees and surveys.

To increase the supply of affordable housing within the HRA and to release pressure on permanent and temporary accommodation in the Housing Register.

We continue to pursue all other funding routes for the provision of additional affordable housing.