Decision details

City West Homes - Top up funding towards spot acquisition programme

Decision Maker: Cabinet Member for Housing, Regeneration, Business and Economic Development

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Additional top up funding to be provided to City West Homes from the Council's Affordable Housing Fund towards the purchase of 45 spot acquisitions

Decision:

1.               Agreed to increase the level of Affordable Housing Funds (AHF) to the HRA from £4.5m to £6m, to ensure the delivery of 45 spot acquisitions by City West Homes.

 

1.         The allocation of additional Affordable Housing Funds to City West Homes will enable 45 homes to be purchased on the open market for use as affordable housing and these acquisitions will include up of 30 family sized homes.

 

2.         The purchase of additional affordable homes on the open market will add to the Council’s affordable housing stock and will create re-housing opportunities for households impacted by regeneration and consequently assist with the delivery of the Council’s Housing Renewal programme.

 

3.         The purpose of the City Council’s Affordable Housing Fund is to deliver additional affordable housing within the City 

 

Publication date: 18/03/2015

Date of decision: 18/03/2015

Accompanying Documents: