Purpose

To approve the use of Affordable Housing
Commuted Sums Grant Funding to support a Registered Provider
partner in the delivery of new affordable homes at Railway
Street.

Content

The decision has been taken by the Chief
Officer Asset Management and Regeneration to approve and grant
authority for:
a)  The spend of
affordable housing commuted sums grant funding up to £670,000
to support the delivery of a 100% affordable scheme by 54North
Homes of 58 new homes for social rent at Leonora House, Railway
Street, Burmantofts and Richmond Hill
and;
b)  The Council to enter
into a grant agreement and nominations agreement with 54North Homes
on the terms set out in this report.