Issue - meetings

Financing Affordable Housing

Meeting: 25/03/2021 - Executive (Item 9)

9 Financing Affordable Housing EXE21-023 pdf icon PDF 93 KB

Reporting Person – Ray Morgan

Additional documents:

Minutes:

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.

RESOLVEd

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.