Purpose

The
council has previously successfully bid for and received £3m
in LAHF funding to deliver 27 new homes.  DLUCH has since contacted the Council to explore
whether it could increase the delivery of temporary accommodation
as per the objectives of LAHF round 2; the Council has identified
that it could deliver 8 more units within the terms of the
agreement.
 
This report seeks approval for the
use of £1.928m to secure 8 affordable housing units across
the city, funded from £867k of grant (Local Authority Housing
Fund) and £1.061m of HRA borrowing. This will be used to meet
the needs specified in the grant conditions, notably to alleviate
pressures on homelessness services.
 

Decision

To approve:
 
i)         
the use of £1.928mm, to secure 8 affordable housing units
across the city to meet the objectives outlined in the Decision
report;
ii)         the
addition of £1.928mm to the 2023/24 HRA capital programme
financed from £876k of LAHF grant and £1.061m of
prudential borrowing.