Issue - decisions

1.        Recommendations

1.1      That the Cabinet Member for Finance and Council Reform and the Cabinet Member for Climate Action, Regeneration and Renters approves the following:

1.     That the development loan financing being provided to WCH is directed solely to the 581-587 Harrow Road development

2.     That the Council facilitates the change in tenure on that site from 25 intermediate units to 15 family sized social units through the provision of £0.8m from the General Fund Capital Financing Reserve and the change in loan term from 25 to 35 years

2.        Reasons for Decision 

2.1      The Council is actively looking for opportunities to increase the level of family sized social units across the borough. The proposals within this report change the tenure on WCH’s existing development programme at 581-587 Harrow Road from intermediate to family sized social units.