Issue - decisions

Increasing the supply of new Affordable Housing: Request for additional funding towards proposed Supported Living Scheme at Waterside

25/06/2024 - Increasing the supply of new Affordable Housing: Request for additional funding towards proposed Supported Living Scheme at Waterside

To approve:

 

(i)             the addition of up to £0.8m of unallocated Right to Buy Receipts, on top of the previously approved amount of up to £4.9m, as grant payment to EMH Housing and Regeneration Limited towards their projected total capital costs for the provision of 55 planning gain Affordable Housing dwellings within the proposed 75 unit Supported Living scheme to be built within the new Waterside residential development; subject to EMH Housing and Regeneration Ltd entering into an Affordable Rent Grant Agreement with the Council;

 

(ii)            the addition of a further £0.8m to the Housing capital programme for 2024/25 financed from unallocated Right To Buy Receipts.