The Mayor noted and agreed the reasons for urgency as set out in the report.

DECISION

1.    Apply £40M GLA and £8.3 MHCLG grant funding, and the associated Council match funding into the Council’s capital programme.

2.    Request a report on progress of the acquisition programme to the next Cabinet meeting.

3.    Notes the March 2026 deadline, and asks officers to work to a deadline of 31 December 2024 for completion of the acquisition programme.

Action by

CORPORATE DIRECTOR HOUSING AND REGENERATION (P. PATTERSON)

Director of Housing Strategy, Policy and Regulatory Assurance (K. Swift)

Councillor Kabir Ahmed, Cabinet Member for Regeneration, Inclusive Development and Housebuilding, introduced the report that sought approval for the inclusion of two capital schemes, with external grant funding into the Council’s housing capital programme to comply with grant allocation conditions. Councillor Kabir Ahmed explained how external funding had been made available by the GLA for Council housing acquisition.

The Mayor welcomed the report and noted the expiry time limit. Accordingly, he asked the Lead Member and officers to ensure all homes delivered under this programme do so before 31 December 2024. He also requested an update to the next Cabinet meeting to report progress on this critically important milestone.

RESOLVED that the Mayor in Cabinet:

1.    Apply £40M GLA and £8.3 MHCLG grant funding, and the associated Council match funding into the Council’s capital programme.

2.    Requested a report on progress of the acquisition programme to the next Cabinet meeting.

3.    Noted the March 2026 deadline, and asks officers to work to a deadline of 31 December 2024 for completion of the acquisition programme.