Issue - meetings

S106 Commuted sum funding for Hyde Housing at Christs Hospital

Meeting: 25/05/2017 - Cabinet (Item 7)

7 S106 Commuted sum funding for Hyde Housing at Christs Hospital pdf icon PDF 123 KB

Report of the Cabinet Member for Housing and Public Protection

Decision:

RESOLVED

 

That Cabinet approve the expenditure of £404,000 which is funded from Section 106 receipts secured for new affordable housing, to enable the development of seven new affordable rented homes on land at The Old Goods Yard, King Edward

Close/Station Road, Christs Hospital.

Minutes:

The Cabinet Member for Housing and Public Protection reported that Hyde Housing had applied to the Council for financial support from commuted sums held for the provision of affordable housing.

 

Cabinet Members expressed their support for the provision of the affordable homes in this area.

 

The Housing and Public Protection Policy Development Advisory Group had considered and supported the proposal.

 

RESOLVED

 

That the expenditure of £404,000, funded from Section 106 receipts secured for new affordable housing, to enable the development of seven new affordable rented homes on land at The Old Goods Yard, King Edward Close/Station Road, Christs Hospital be approved.

 

REASONS

 

(i)         To assist the Council in achieving its target of delivering 240 affordable homes a year.

 

(ii)        To assist Hyde Housing to deliver much needed affordable accommodation for persons in housing need.

 

 


Meeting: 15/05/2017 - Housing and Public Protection Policy Development Advisory Group (Item 22)

Commuted Sum Funding for Christ's Hospital

Minutes:

The Head of Housing Services introduced the draft report which recommended the Council provide financial support to enable the development of seven new affordable rented homes on land at The Old Goods Yard, King Edward Close / Station Road, Christ’s Hospital. 

 

The seven units would be funded from the Housing Enabling Grants budget, which included commuted sums that had been secured through s106 legal agreements from developers for off-site affordable housing. 

 

The proposal would help the Council achieve its target of delivering 240 affordable homes a year, and assist the Housing Association in delivering the affordable accommodation for persons in housing need on this site. 

 

Members welcomed the report and agreed that the use of commuted sums held by HDC for new affordable housing, or for changing shared ownership to affordable rent, should be regularly reported to the PDAG.  

 

·         The Chairman agreed that Commuted Sums be a standing item on the PDAG’s agenda.