Decision Maker: Leader of the Council
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To gain the necessary approvals to deliver the programme
1. Approved that the Council enters into a Memorandum of Understanding with the Ministry of Housing, Communities and Local Government (MHCLG), as out in Appendix 1 of this report, to deliver Round Three of the Local Authority Housing Fund and provide the Royal Borough of Greenwich with £1,524,150 of grant funding.
2. Approved the following budgets to enable the delivery of the Local Authority Housing Fund programme:
• MHCLG Capital Grant = £1,510,000
• MHCLG Revenue Grant = £14,150
• General Fund Borrowing = £1,725,850
3. Noted the assumptions outlined in Appendix 2 of this report, which apply a portfolio approach to the delivery of the programme and set indicative purchase prices per property against each bedroom size. These assumptions ensure the proposals in this report do not provide a General Fund budget pressure.
4. Delegated to the Director of Regeneration, Enterprise and Skills authority to acquire properties and otherwise apply the funding under, and in accordance with, the Local Authority Housing Fund programme.
5. Noted that on 17th July 2023 the Leader agreed to change the scheme of delegation to withdraw the delegation to Cabinet in respect of the Local Authority Housing Fund and allocate the matter to himself as Leader of the Council.
Publication date: 11/10/2024
Date of decision: 11/10/2024
Effective from: 18/10/2024
Accompanying Documents: