Decision details

Homes England Affordable Homes Programme Funding Contract Agreement

Decision Maker: City Mayor (Individual Decision)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To enter into the Homes England contract for the period of the current funding programme, that being 2021-2026. A new contract would be required for any subsequent Homes England funding programmes.

Decision:

To approve the Council entering into the HE AHP contract 2021-2026 to enable the Council to apply for and draw down grant funding, acknowledging HE terms and conditions and associated risks. 

Reasons for the decision:

This grant funding will contribute towards the acquisition and works costs for The Zip Building (30 self-contained units of the 58 units), 20 Acquisitions and any future proposed schemes bid which will assist in the funding of increasing the supply of new Affordable Housing within the HRA.

Alternative options:

Officers continue to pursue further opportunities to secure funding for more affordable housing for the City.

Publication date: 13/12/2023

Date of decision: 13/12/2023

Effective from: 21/12/2023

Accompanying Documents: