Proposal to Part Fund Redevelopment of Birchwood House and the Delivery of 12 New One Bedroom Apartments at Social Rent (Forward Plan Reference FP963)
Exempt report of the Corporate Director (Housing and Communities) on this proposed redevelopment to provide new affordable homes.
Decision:
(1) The Cabinet approved the payment of a grant to Home Group Housing Association towards the redevelopment of Birchwood House, to which the Council would have nomination rights with the grant payment to be made from the allowed amounts of the retained Right to Buy receipts.
(2) The Cabinet agreed to make a phased payment of funds to the Home Group Housing Association as development took place.
(3) The Cabinet delegated authority to the Directors (Housing and Community) and (Resources, Environment and Cultural Services), in consultation with the Executive Member (Housing and Community), to agree any reasonable change in the grant payment based on actual costs of development, providing this remained affordable within the budget and did not exceed 30% of the allowed development costs.
Minutes:
Exempt report of the Corporate Director (Housing and Communities) on this proposed redevelopment to provide new affordable homes.
(1) The Decision Taken
RESOLVED:
(1) That the Cabinet approves the payment of a grant of £255,000 to Home Group Housing Association towards the redevelopment of Birchwood House, to which the Council would have nomination rights with the grant payment to be made from the allowed amounts of the retained Right to Buy receipts.
(2) That the Cabinet agrees to make a phased payment of funds to the Home Group Housing Association as development took place.
(3) That the Cabinet delegates authority to the Directors (Housing and Community) and (Resources, Environment and Cultural Services), in consultation with the Executive Member (Housing and Communities), to agree any reasonable change in the grant payment based on actual costs of development, providing this remained affordable within the budget and did not exceed 30% of the allowed development costs.
(2) Reasons for the Decision
As part of the Council’s Affordable Housing Programme, a range of methods had previously been agreed by the Cabinet to provide new affordable homes and the Council had also agreed a plan to deliver 500 homes over five years.
The proposed new development of 12 x 1 bed apartments would be let at social rent with 16 apartments to be sold on the open market to help fund the development.