Purpose

To seek the City Mayor’s approval for a
further amount of up to £0.6m to be added to the
already-approved grant payment it makes towards 55 of the 75
dwellings at the proposed Supported Living scheme at the new
Waterside development.

Decision

To approve:
 
(i)       the addition of up
to £0.6m of unallocated Right to Buy Receipts, on top of the
previously approved amount of up to £5.7m, as grant payment
to East Midlands Housing towards their projected total capital
costs for the provision of 55 planning gain Affordable Housing
dwellings within the proposed 75 unit Supported Living scheme to be
built within the new Waterside residential development; subject to
East Midlands Housing entering into an Affordable Rent Grant
Agreement with the Council;
 
ii)        the addition
of a further £0.6m to the Housing capital programme for
2025/26 financed from unallocated Right To Buy Receipts.