1. Up to 3 year interest free payment period - ( must be a resident leaseholders & only home)
2. Up to 3 year interest free payment period  (Non -  residents leaseholders)
3. Up to 5 year payment period –partially interest bearing (must be a resident leaseholders & only home)
4. Up to 10 year payment period - partially interest bearing (must be a resident leaseholders & only home)
5. The proposals a-d above supersede options 2 and 3 in appendix 1 of the Leasehold Payments Support Options for Major works and Decent Homes approved by Cabinet on 9^th January 2013.

DECISION

1.    To adopt the revised Leasehold Repayment Support Options 1-6 detailed at Appendix A to the report, and agree that this will supersede the previous Leasehold Support Options adopted by Cabinet on 9^th January 2013 – Appendix B to the report.

2.    To note that the Council has received additional Decent Homes Backlog Grant funding of £13.27 million for the 2015-16 financial year. This will result in additional net Housing Revenue Account capital resources estimated at £12.21 million after applying the statutory leasehold cap (see paragraph 3.7).

3.    To authorise the Corporate Director - Development and Renewal following consultation with Corporate Director Law, Probity and Governance and Monitoring Officer (or their nominee), to enter into all necessary documents to implement the decisions made.

Action by:

CORPORATE DIRECTOR, DEVELOPMENT AND RENEWAL (A. DALVI)

(Service Head, Strategy, Regeneration and Sustainability (J. Odunoye)

(Housing Partnerships Manager (J. Kiwanuka)