Purpose

To pursue an opportunity to secure additional
affordable housing.

Content

Exempt Paragraph 3
– Information relating to financial and business affairs of
any particular person (including the Authority holding that
information)

RESOLVED
 
That the Cabinet:

a)          
considered the options as set out in Section 6 and approves Option
4 and associated delegations as detailed in Sections 6.4 and 6.5 of
report CH/226.

b)          
authorises the Head of Strategic Housing and the Head of Crawley
Homes to proceed with negotiations with the aim of securing
additional affordable housing through a bulk market acquisition by
Crawley Homes as detailed in section 5 below.

c)          
delegates the negotiation, approval and completion of all relevant
documentation, including legal paperwork necessary to the Head of
Strategic Housing, the Head of Crawley Homes, the Head of
Governance, People and Performance, and the Head of Corporate
Finance, in consultation with the Leader of the Council and the
Cabinet Member for Housing.
(Generic Delegations 2 & 3 will be used to enact this
recommendation)

That the Full Council be
recommended to approve the uplift to the Crawley Homes Acquisitions
Budget from within the Housing Revenue Account (HRA) as detailed in
section 5.4 of report CH/226, for the purposes of securing
additional affordable housing.

Reasons for the
Recommendations
 
Crawley Homes has an active home-building
programme aimed at expanding the Council’s affordable housing
stock, which in recent years has been impacted by water-neutrality
that has slowed down housing delivery, and it is now necessary to
pursue new opportunities to address the backlog that has resulted,
and to further compliment the current affordable housing
development programme.