Issue - meetings

To receive a report from the Cabinet Member for Community Matters and Wellbeing

RESOLVED

i)        To recommend to Council the transfer of s106 funds to Horsham District Homes (Holdings) for the purchase of the three properties in Billingshurst.       

REASON

i)        Approval of the recommendations will allow the details of the transactions to be completed so that the affordable rental properties can be delivered for the benefit of households on the housing list.

The Cabinet Member for Community Matters & Wellbeing reported that the business case for the purchase of three affordable homes in Billingshurst, which had been approved by Council in November 2019, needed to be revised to take account of increased costs, including those required to achieve high standards of sustainability, with an EPC rating of A.  These changes would not have an adverse impact on the return on capital.  

RESOLVED

i)        To recommend to Council the transfer of s106 funds to Horsham District Homes (Holdings) for the purchase of the three properties in Billingshurst.       

REASON

i)        Approval of the recommendations will allow the details of the transactions to be completed so that the affordable rental properties can be delivered for the benefit of households on the housing list.