Decision details

Proposal to purchase 38 flats via the Affordable Housing Programme (Forward Plan Reference FP1060)

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Whether to purchase the flats that form the affordable housing element of the S106 agreement for Blocks 1 -9 Town Centre, Hatfield and Link Drive, Hatfield.  The homes would be purchased as part of the Affordable Housing Programme and be owned and managed within the council’s housing revenue account.

Decision:

(1)   Cabinet agreed to the purchase of the 38 units at Block 1, 1 to 9 Town Centre, Hatfield, at the price of £6.505M and subject to planning approval of amendments as set out in paragraph 3.3 and a suitable legal agreement.

 

(2)   That, subject to approval of 2.1, Cabinet recommended to Council that a Housing Revenue Account (HRA) capital budget be approved for £3.383m for 2021/22 funded from increase in the borrowing requirement, and Cabinet noted that the remaining budget requirement for the scheme would be incorporated into the 2022/23 budget setting process.

Report author: Harvinder Sarohi-Parhar

Publication date: 16/07/2021

Date of decision: 13/07/2021

Decided at meeting: 13/07/2021 - Cabinet

Effective from: 23/07/2021

Accompanying Documents: