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25 Homes & Communities Agency Affordable Housing Programme 2015-18 Grant Bid PDF 87 KB
Additional documents:
Minutes:
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.