Decision details

Approved that the Council undertakes a comprehensive and rolling review of existing Council residential assets with the objective of delivering mixed tenure developments, an overall net increase in affordable homes and improving the condition of existing stock in the Borough under the name "Housing Our Greenwich" ("the Review"), through which the Council shall:

•        establish an Estate Regeneration Board (with advisory functions only) to be chaired by the Deputy Director for Regeneration and Property and develop appropriate reporting and oversight arrangements to take forward the Review and make recommendations to Cabinet;

•        allocate appropriate staff and internal resources to undertake the Review;

•        develop a Housing Our Greenwich Social Value Policy specifically so as to ensure that the Council and affected third parties will benefit from the Housing Our Greenwich Strategy. The draft policy will be brought to Cabinet for approval;

•        engage with interested and affected third parties within the community and other stakeholders as part of the Review;

•        identify appropriate sites for development/regeneration and where information is of sufficient detail, to participate in the ‘Call for Sites’ during the new Local Plan process.

•        undertake appropriate feasibility studies as part of the Review;

•        engage with third parties including developers and/or Registered Provider (RP) partners and assess the financial implications of the Housing Our Greenwich programme, and identify and source the availability of external funding which will be available to support implementation; and

•        prepare a Business Case(s) following the Review with a view to setting out a proposed programme for Housing Our Greenwich and the regeneration of estates and making recommendations to Cabinet.

Noted that the financial and resource requirements to facilitate the Review was set out as part of the HRA MTFS Rent Setting Report which went to the Cabinet meeting of 21 February.

Delegated to the Director of Regeneration, Enterprise and Skills the authority to:

procure and appoint third parties to support and facilitate the Review (utilising the financial resources allocated to the Review by Cabinet) and assist in preparing the relevant Business Case(s) and enter into contracts with those third parties in accordance with the Council's Contract Standing Orders and taking into account the Council's social value objectives in doing so.