Decision details

Westminster Community Homes - Funding requirements for spot purchase and new build programmes in 2019/20

Decision Maker: Cabinet Member for Finance, Property and Regeneration, Cabinet Member for Housing Services

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Cabinet Members’ approval required for funding for spot purchases and new build programmes in 2019/20.

Decision:

That the Cabinet Member for Finance, Property and Regeneration and the Cabinet Member for Housing Services approved a funding contribution of £15m to be provided from the Affordable Housing Fund to Westminster Community Homes and noted that these funds will be used to provide approximately 60 homes for use as affordable housing that will be secured either through spot purchases or as a mixture of new build and spot purchases.

 

Reasons for Decision 

1.         The provision of funding by the City Council to Westminster Community Homes assists in the delivery of additional affordable homes in the city. These units contribute towards the ‘City for All’ housing target and provide rehousing opportunities for City Council nominees.

2.         It is a permitted use of the Affordable Housing Fund to finance the delivery of new affordable housing in Westminster.

Publication date: 15/04/2019

Date of decision: 15/04/2019

Effective from: 25/04/2019

Accompanying Documents: