Issue - decisions

1.        Recommendations

That the Cabinet Member for Housing Services and the Cabinet Member for Finance and Council Reform:

1.1      Approves the Council entering a grant funding agreement with the GLA to secure capital grant funding of £1.7m towards the delivery of 17 social rented homes under the Right to Buy Back (RTBB) programme.

1.2    The availability of capital funding for this programme including the   council’s own funding of £7.1m as set out in this report is noted

2.        Reasons for Decision 

2.1      Funding from the GLA supports WCC’s strategic approach to deliver additional affordable homes in the city, including social rented homes.

2.2      The homes delivered under this programme will be provided as social rent tenancies and will be made available to either existing council tenants who have priority for a transfer or to homeless households.

2.3      Capital funding provided will increase the number of homes that can be purchased for those households in social housing need.