9 Financing Affordable Housing EXE21-023 PDF 93 KB
Reporting Person – Ray Morgan
The Executive received a report which sought approval to pursue the delivery of affordable housing homes through financial mechanisms. The Executive welcomed the report and noted that individual affordable homes proposals which required Council land and/or funding provisionally agreed with a developer would come back to the Executive for approval.
That (i) Officers be authorised to explore alternative mechanisms to deliver affordable homes; and
(ii) each affordable homes proposal that requires Council land and/or funding (including as a guarantor) provisionally agreed with a developer be submitted to the Executive for approval.
Reason: To support the delivery of affordable homes.