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Decision Maker: Executive Councillor for Housing
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To approve the final bid for HCA AHP 2015-18 grant to deliver CCC Affordable Housing.
Matter
for Decision:
The Council has successfully bid for Homes and Communities Agency
(HCA) grant funding for developing new build Affordable Housing in the previous
two bid rounds. It was proposed within the report that Cambridge City Council
bids for grant to help fund the delivery of future Affordable Housing to be
owned and managed by the Council.
Decision of Executive Councillor for Housing:
The Executive
Councillor resolved:
i.
To approve that delegated authority be given to
the Director of Customer and Community Services following consultation with the
Executive Councillor for Housing, Chair and Spokes to agree the final bid to secure grant funding from the HCA
and to agree to enter into a Framework Delivery Agreement (FDA) with the HCA if
successful.
ii.
To approve delegated authority be given to the
Director of Customer and Community Services following consultation with the
Executive Councillor for Housing, Chair and Spokes to agree future bids to the
HCA for grant funding via future market engagement.
Reason for the Decision:
If the Council does not bid for the grant funding other
sources of funding will be required to deliver future new build Affordable
Housing schemes.
Any Alternative Options Considered and Rejected:
Not applicable.
Scrutiny Considerations:
The Committee received a report from the Housing
Development Manager regarding the bid to the HCA.
Concerns were raised regarding the reference to affordable
rents of 80% of market rent. The Executive Councillor assured members that
Cambridge City Council had successfully argued for a lower rate on the grounds
that 80% was unaffordable due to high values in the local market.
The Committee resolved unanimously to endorse the
recommendations.
The Executive Councillor approved the recommendation.
Conflicts of interest declared by the Executive Councillor (and any
dispensations granted)
Not applicable.
Publication date: 02/04/2014
Date of decision: 13/03/2014