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.

Content

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.