Purpose

To approve the use of Affordable Housing
Commuted Sums Grant Funding to support a Registered Provider
partner in the delivery of 28 new affordable homes.

Content

The Chief Officer Asset Management and
Regeneraiton has approved and granted authority to
a)  the spend of
affordable housing commuted sums funding up to £700,000 to
support 54North Home’s proposal to deliver 28 new affordable
homes for social rent and shared ownership at Wesley Road, Armley
and
b)  for the Council to
enter into a grant agreement and nominations agreement with 54North
Homes on the terms set out in the attached report.