Agenda item
Decent Homes Funding Gap Options for 2011-2015 (CAB 031/112)
Decision:
Decision
1. That the options being proposed to bridge the funding gap for the Decent Homes Backlog Programme in 2011/12, 2012/13, 2013/14 and 2014/15, as outlined in Table 1, paragraph 6.11.2 of the report (CAB 031/112), be agreed;
2. That the Corporate Director Development and Renewal be authorised after consultation with the Corporate Director Resources and Cabinet Members for Housing and Resources to resolve the financing of the Decent Homes funding gap with a view to maximising use of available capital resources both to the HRA business plan and the Authority as a whole and subject to any required confirmation in the annual budget going forward;
3. That the projected overspend on the Donegal and Sovereign phase 2 scheme be noted, and the adoption of an increase of £398,000 in the capital estimate, to be funded from savings elsewhere in the programme, as set out in paragraph 7 of the report (CAB 031/112), be approved; and
4. That the Corporate Director Development and Renewal be authorised, with the agreement of the Assistant Chief Executive (Legal Services), to enter into all necessary documents to implement the decisions made in respect of the report (CAB 031/112).
Action by:
CORPORATE DIRECTOR DEVELOPMENT AND RENEWAL (A. DALVI)
Service Head Housing Strategy Regeneration and Sustainability, Development and Renewal (J. Odunoye)
Housing Partnerships Manager, Housing Strategy Regeneration and Sustainability, Development and Renewal (J. Kiwanuka)
Minutes:
Councillor S. Haque declared a personal interest in Agenda item 6.1 “Decent Homes Funding Gap Options for 2011-2015“. The declaration of interest was made on the basis that the report contained recommendations relating to funding of the Decent Homes Backlog Programme (a programme of works to bring the condition of the Authority’s housing stock up to the Decent Homes Standard) and Councillor Haque was an LBTH Leaseholder.
Councillor Rabina Khan, Cabinet Member for Housing, at the request of the Mayor, in introducing the report, summarised the key points contained therein. Councillor Khan commended the proposals contained in the report as essential to fulfilling the Mayor’s pledge to fund the entire Decent Homes Backlog Programme thereby ensuring that all those living in the Authority’s housing stock enjoyed housing of a decent standard. It was also important to take up the grant funding as this was likely to be a last opportunity to secure Government funding for investment in social housing.
An option was proposed that the Mayor/ Cabinet agree an additional recommendation to those contained in the report as follows:-
· To refer the decisions on the allocation of capital to the Decent Homes Backlog Programme to Full Council, as required by the Authority’s Financial Regulations/ Constitution and set out in paragraph 3.1 of the report.
The Mayor considered and rejected the option proposing the additional recommendation as this was covered in the report which referred to the funding being included in the budget proposals going forward, and agreed the recommendations as set out in the report.
Decision
1. That the options being proposed to bridge the funding gap for the Decent Homes Backlog Programme in 2011/12, 2012/13, 2013/14 and 2014/15, as outlined in Table 1, paragraph 6.11.2 of the report (CAB 031/112), be agreed;
2. That the Corporate Director Development and Renewal be authorised after consultation with the Corporate Director Resources and Cabinet Members for Housing and Resources to resolve the financing of the Decent Homes funding gap with a view to maximising use of available capital resources both to the HRA business plan and the Authority as a whole and subject to any required confirmation in the annual budget going forward;
3. That the projected overspend on the Donegal and Sovereign phase 2 scheme be noted, and the adoption of an increase of £398,000 in the capital estimate, to be funded from savings elsewhere in the programme, as set out in paragraph 7 of the report (CAB 031/112), be approved; and
4. That the Corporate Director Development and Renewal be authorised, with the agreement of the Assistant Chief Executive (Legal Services), to enter into all necessary documents to implement the decisions made in respect of the report (CAB 031/112).
Reasons for Decisions
These are detailed in paragraphs 3.1 to 3.2 of the report (CAB 031/112)
Alternative Options Considered
These are detailed in paragraphs 4.1 to 4.2 of the report (CAB 031/112); and that proposed at the Cabinet meeting in the body of the minute relating to this item.
Supporting documents:
- DH Funding Gap Options for 2011 15 & Programme Delivery for 2012-13 ER2508111210pm plus AT2, item 6.1 PDF 144 KB
- Decent Homes Funding Gap Options 2011 15 Appx 1 ER2508111210pm, item 6.1 PDF 17 KB