Decision

Revised HRA Budget for Purchase of Land or Property

Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: March 12, 2025

Purpose: To agree budget changes and delegations to enable the ongoing purchase of land or property for the delivery of housing within the HRA.  This relates to the site referred to in paragraph 5.2 of report CH/201 which has been previously considered by Cabinet.

Content: Exempt Paragraph 3 – Information relating to financial and business affairs of any particular person (including the Authority holding that information) RESOLVED That the Cabinet: a)             delegates the negotiation, approval and completion of all relevant documentation, including legal paperwork necessary to secure the required affordable housing acquisitions identified in Section 5.2 of report CH/216. to the Head of Crawley Homes, the Head of Corporate Finance and the Head of Governance, People & Performance. (Generic Delegations 2 & 3 will be used to enact this recommendation). b)             requests that Full Council approves a supplementary capital estimate of £700k in the Crawley Homes Acquisitions Budget as detailed in section 5.2 of report CH/216 to enable the ongoing delivery of affordable housing within the HRA. Reasons for the Recommendations Crawley Homes actively pursues opportunities to expand its affordable housing stock, and this revision of the HRA Acquisitions Budget is necessary to sustain this objective, and to ensure that this affordable housing is secured to the required specifications.

Related Meeting

Cabinet - Wednesday, 12th March, 2025 7.00 pm on March 12, 2025