Decision details

Investment into New Supply of Affordable and Supported Housing

Reference: D46269

Decision maker: Executive Board

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The Executive Board are requested to:

 

i.  Note the content of the report;

 

ii.  Support the proposals outlined within the report and Confidential Appendix 2 for the Council to provide loan funding to St George’s Crypt and LATCH;

 

iii.  Agree for the Council to enter into legal agreements with St George’s Crypt and LATCH for the provision of new supply affordable, supported housing;

 

iv.  Delegate the approval of the detailed terms and conditions to the Director of Resources & Housing

Decisions:

The Director of Resources and Housing submitted a report regarding proposals for a collaborative approach between the Council, St. George’s Crypt and LATCH (Leeds Action to Create Homes) in order to seek loan funding of £3.03m from the Council for the provision and development of a new supply of affordable and supported housing.

 

Responding to a Member’s enquiry, the Board received further information on the Council’s delivery programme for the provision of affordable housing via the Housing Revenue Account, and how the Council continued to explore other approaches to contribute towards the future delivery of that provision.

 

In addition, the Board received further details of the types of accommodation which were being proposed as part of this scheme, and the ways in which they would benefit vulnerable people in Leeds.

 

In conclusion, on behalf of the Board the Chair extended her thanks to St. George’s Crypt and LATCH for the crucial work they continued to undertake in this area.

 

Following consideration of Appendix 2 to the submitted report designated as exempt from publication under the provisions of Access to Information Procedure Rule 10.4(3), which was considered in private at the conclusion of the meeting, it was

 

RESOLVED –

(a)  That support be given to the proposals as outlined within the submitted report and exempt Appendix 2 for the Council to provide total loan funding of £3.03m split as follows:

-  loan funding of £2.354m to St George’s Crypt; and

-  loan funding of £0.676m to LATCH;

 

(b)  That agreement be given for the Council to enter into legal agreements with St George’s Crypt and LATCH for the provision of new supply affordable housing;

 

(c)  That the approval of the detailed terms and conditions be delegated to the Director of Resources and Housing in conjunction with the Council’s Chief Finance Officer and the Council’s Chief Legal Officer.

 

 

Reason Key: Expenditure > £250,000;

Portfolio Holder: Executive Member for Communities

Other reasons / organisations consulted

Executive Member and Director Briefings

Consultees

Councillor Coupar – Executive Member for Communities

Councillor J Lewis - Executive Member for Resources & Strategy

Neil Evans – Director of Resources & Housing

Contact: Sarah May 0113 3787710 Email: sarah.may@leeds.gov.uk.

Report author: Sarah May

Publication date: 12/02/2018

Date of decision: 07/02/2018

Decided at meeting: 07/02/2018 - Executive Board

Effective from: 17/02/2018

Accompanying Documents: