Issue - meetings
Tower Hamlets Affordable Housing Grant 2016-19
Meeting: 05/07/2016 - Commissioners' Decision Making Meeting (Item 6.2)
6.2 Tower Hamlets Affordable Housing Grant 2016-19 PDF 146 KB
Additional documents:
Decision:
Alison Thomas, Head of Housing Strategy, Partnerships and Affordable Housing and Jen Pepper, Affordable Housing Programme Manager introduced the report which provided details of the progress of the Affordable Housing Grant following its authorisation by Commissioners on 2 December 2015. Commissioners were asked to approve funding for schemes by two registered housing providers from; the funds originate from non-expired retained right-to-buy receipts.
The Chair invited Councillor Mukit to comment on the report on behalf of GSSC and he advised that GSSC requested that comparative unit costs be included in the report and that the technical terms used in the assessment exercise should be standardised. The Chair then invited Mayor John Biggs and Councillor Rachel Saunders to comment and they indicated that they supported the proposals. Commissioners indicated that they also supported the proposals.
RESOLVED
That Right To Buy grant funding be approved, in the amounts listed, to the Registered Providers outlined in the table below and allow for a 10% uplift to this amount to allow flexibility to take account of potential higher build or acquisition costs.
|
Registered Provider |
Scheme |
No: Rent |
Grant per unit |
Social Rent |
Grant £ |
A |
Peabody |
Times House |
37 |
52,452 |
37* |
1,1940,732 |
B |
Family Mosaic
|
Turnberry Quays |
16 |
70,000 |
16* |
1,118,944 |
|
Total |
|
53 |
|
53 |
£3,059,676 |