Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To authorise submission of bids for grant
funding for projects where the Financial Viability, based on normal
commercial terms, is marginal and submitting with Surrey County
Council an Expression of Interest for major infrastructure work to
facilitate housing growth.
The Executive received a report which sought authority to enable Officers to submit funding bids under the Housing Infrastructure Fund. Following a question regarding the proposed bid for Marginal Viability Funding for the Victoria Square Project, Officers explained that the proposal yet to come forward to Council comprising 38 additional properties would be for Studio and 1 Bed properties and these would not count as affordable housing. It was noted that the proposed 38 additional properties would be more attainable for people being able to rent. It was highlighted that the Victoria Square Oversight Panel would be considering a proposal for an additional parking infrastructure of some 400 car park spaces at its next meeting.
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Reason Key: Likely to affect a significant proportion of those living or working in the Borough.;
Wards Affected: (All Wards);
Consultees
Portfolio Holder.
Contact: Leigh Clarke, Director of Finance Email: leigh.clarke@woking.gov.uk.
Report author: Julie Northcote
Publication date: 15/09/2017
Date of decision: 14/09/2017
Decided at meeting: 14/09/2017 - Executive
Accompanying Documents: