Purpose

To gain the necessary approvals
to deliver the programme

Content

1.         
Approved that the Council enters into a Memorandum
of Understanding with the Ministry of Housing, Communities and
Local Government (MHCLG), as out in Appendix 1 of this report, to
deliver Round Three of the Local Authority Housing Fund and provide
the Royal Borough of Greenwich with £1,524,150 of grant
funding.

 

2.         
Approved the following budgets to enable the
delivery of the Local Authority Housing Fund programme:

 

•          
MHCLG Capital Grant = £1,510,000

•          
MHCLG Revenue Grant = £14,150

•          
General Fund Borrowing = £1,725,850

 

3.         
Noted the assumptions outlined in Appendix 2 of this
report, which apply a portfolio approach to the delivery of the
programme and set indicative purchase prices per property against
each bedroom size.  These assumptions ensure the proposals in
this report do not provide a General Fund budget
pressure.     

 

4.         
Delegated to the Director of Regeneration,
Enterprise and Skills authority to acquire properties and otherwise
apply the funding under, and in accordance with, the Local
Authority Housing Fund programme.

 

5.         
Noted that on 17th July 2023 the Leader agreed to
change the scheme of delegation to withdraw the delegation to
Cabinet in respect of the Local Authority Housing Fund and allocate
the matter to himself as Leader of the Council.