Purpose

To amend the Wembley Housing Zone (WHZ)
funding agreements to secure timely drawdown of grant funding for
Cecil Avenue and Ujima House schemes.

Content

That the Corporate Director Communities and
Regeneration, in consultation with the Lead Member for
Regeneration, Planning & Growth:
 
i)            
Notes that, in response to changed circumstances set out in section
3 of the accompanying report, it is proposed to restructure the
nature of the grant funding provided, pursuant to the Borough
Intervention Agreement entered into with the Greater London
Authority (GLA) on 28 March 2018, and to secure the delivery of
affordable dwellings at the Cecil Avenue and Ujima House Schemes in
a different manner to that contemplated in the Borough Intervention
Agreement.
 
ii)           
As a result of the changes in circumstances, approves the
termination of the Borough Intervention Agreement with the GLA
entered into on 28 March 2018, pursuant to which grant funding to a
maximum of £8m was payable to the Council to be used for the
Cecil Avenue and Ujima House schemes.
 
iii)          
Approves increased grant funding of £18.484m now secured from
the GLA for the Cecil Avenue and Ujima House schemes is now
delivered under the Building Council Homes for Londoners grant
scheme.
 
iv)          
Approves the variation of the Overarching Borough Agreement with
the GLA entered into on 31 March 2016, to update the funding
allocations and outputs to align with current schemes and
plans.