Decision details

The Director of Neighbourhoods and Housing submitted a report on the options for the establishment of a Strategic Partnership to make a significant contribution to the increase of affordable housing in the city.

The report examined the three options of a Leeds Partnership Homes model, the establishment of an arms length company or of a strategic partnership.

RESOLVED –

(a)  That a Strategic Partnership, as described within the submitted report, be established with the purpose of increasing the supply of affordable housing in the city.

(b)  That the transfer or utilisation of 77 acres of Council land to the Strategic Partnership or other social housing partners for the purpose of developing affordable housing schemes across the city be approved

(c)  That necessary capital receipts generated from the sale of the 77 acres of Council land be made available to the Strategic Partnership to deliver 375 affordable housing units per year for the next 6 years.

(d)  That this Board notes that any additional capital receipts over and above those needed to develop 375 units per year and any subsequent equity generated from shared equity schemes, resulting from the development of the 77 acres, will be returned to the Council to allocate to its capital spending priorities, including the further expansion of affordable housing.

(e)  That the Director of Neighbourhoods and Housing be authorised to make arrangements for the establishment of the Strategic Partnership.

(Councillor J L Carter declared a personal interest in this minute as Chair of Renew and Renewal Ltd)