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Housing Revenue Account New Build Acquisitions

 

 

Meeting: 06/10/2020 - Cabinet (Item 10.)

10. Housing Revenue Account New Build Acquisitions pdf icon PDF 205 KB

Decision:

Cabinet:

  1. Approved the use of HRA Capital Programme funds (that were to be spent over the period 2021/22 to 2024/25) to purchase approximately 100 affordable homes from private developers/housebuilders.
  2. Authorised the Executive Director of Growth and Regeneration in consultation with the Mayor (with appropriate legal, finance and procurement advice) to take all steps required to agree the terms of, and enter into contracts required to successfully deliver the proposed homes.