Purpose

To approve the use of Right to Buy and Affordable Housing Commuted Sums Grant Funding to support a third sector partner in the acquisition and refurbishment of 12 properties for use as Affordable Housing.

Decision

The Chief Officer Asset Management and Regeneration has approved:

a)  The spend of Right to Buy Replacement Programme funds up to £615,860 and affordable housing commuted sums of up to £250,000 to support LATCH’s proposal to acquire 12 properties and to refurbish them for letting as affordable rented homes for people who are homeless or in housing need and;

b)  For the Council to enter into a grant agreement and nominations agreement with LATCH on the terms set out in this report.