Issue details
A Local Affordable Housing Grant
PDF 91 KBAuthorise the setting up and the implementation of a Local Affordable Housing Grant
The borough holds unallocated £25.4m RTB receipts to be spent by Quarter one of 2018/19. If this is not spent, the Council would need to return the RTB receipts to central government incurring compounded interest of 4% above base rate.
Decision type: Key
Decision status: Abandoned
Wards affected: (All Wards);
Notice of proposed decision first published: 22/10/2015
Decision due: Not before 2nd Dec 15 by Commissioners' Decision Making Meeting
Lead member: Deputy Mayor and Cabinet Member for Regeneration and Air Quality
Contact: Jackie Odunoye odunoye@hotmail.com.
Consultation process
Some headline consultation on the principle has taken place with the Tower Hamlets Housing Forum (THHF) which includes development partners who hold stock in the borough and who are actively engaged in working with LBTH at the THHF Quarterly Meeting.
Has an Equality Analysis been carried out and if so the result of this Assessment?: The wider Development Programme which includes the schemes to be funded through the Right To Buy Receipts requires an EqIA to be undertaken. This will be undertaken in the process of consultation around the development sites and it is not required for the EqIA to be carried out prior to the decision being made
What supporting documents or other information will be available?: Cabinet Report dated 6th October 2015 on HRA Resources and Capital Delivery