Issue - decisions

Summary of Decision

The Cabinet Member for Regeneration and Renters has approved the Council entering into the varied Edgware Road Borough Intervention agreement.

Reasons for Decision 

Converting the loan to non-repayable grant results in additional funding which supports WCC’s strategic approach to deliver affordable homes in the city, including social rented homes.

Removing the Orchardson Street Homes from the agreement will allow additional grant funding to be sought under the GLA’s Affordable Homes programme and will therefore further support scheme and programme viability.