Issue - meetings
Approval to proceed with guidance on new rent levels
Meeting: 02/05/2017 - Cabinet (Item 5)
5 Approval to proceed with guidance on new rent levels 
PDF 154 KB
Additional documents:
- 5.4 Appendix 1_Rent summary for developers_template_FINAL_090317, item 5
PDF 90 KB
- Webcast for Approval to proceed with guidance on new rent levels
Decision:
DECISION
1. To note the content of this report and to authorise the Divisional Director, Housing and Regeneration to advise developers and registered providers to move to the monetary values in the tables below with relation to affordable rented housing in the Borough.
Action by:
CORPORATE DIRECTOR, PLACE (A. DALVI)
(Affordable Housing and Partnerships Manager (J. Pepper)
Minutes:
Councillor Rachel Blake, Cabinet Member for Strategic Development, introduced the report. She explained the desire to ensure the Council was able to secure genuinely affordable homes from new developments. The paper would filter through to the overarching Housing Strategy. She highlighted the preferred 70/30 mix in favour of rented homes and also the graph in the report showing the balance of different types of properties in a model development.
Finally she thanked officers for their work on the report and noted a slight correction on page 191 of the agenda where the third item down on the chart should read ‘Tower Hamlets Living Rent’.
The Mayor noted the Overview and Scrutiny Pre-Decision Questions and agreed the recommendations as set out in the report.
RESOLVED
1. To note the content of this report and to authorise the Divisional Director, Housing and Regeneration to advise developers and registered providers to move to the monetary values in the tables below with relation to affordable rented housing in the Borough.