Decision details

Additional Right to Buy Replacement Programme Funding Request – Sissons Avenue / Acre Road, Middleton Leeds

Reference: D48290

Decision Maker: Director of Resources and Housing

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

The information contained in the confidential appendix 1 to this report relates to the financial or business affairs of a particular person, and of the Council. This information is not publicly available from the statutory registers of information kept in respect of certain companies and charities. It is considered that since this information was obtained through Expressions of Interest then it is not in the public interest to disclose this information at this point in time. Also it is considered that the release of such information would or would be likely to prejudice the Council’s commercial interests in relation to other similar transactions in that prospective purchasers of other similar properties would have access to information about the nature and level of consideration which may prove acceptable to the Council. It is therefore considered that this element of the report should be treated as exempt under Access to Information Procedure Rule 10.4 (3).
The Director of Resources and Housing approved and authorised the release of additional funding to Leeds Federated Housing Association to facilitate the development of 18 new Affordable Housing units at Sissons Avenue / Acre Road, Middleton.
Due to the level of grant associated with this development the Director of Resources and Housing agreed to seek to take a charge over the land for a 10 year period to secure the clawback provisions of the grant agreement. If after the 10 year period LFHA can demonstrate that they have adhered to the terms of the grant agreement relating to subsequent Nomination LFHA can request the charge be lifted.

Wards Affected: Middleton Park;

Contact: Sarbjit Kaur 3787801 Email: sarbjit.kaur@leeds.gov.uk.

Publication date: 08/01/2019

Accompanying Documents: