Issue - decisions

(1)  To accept the MHCLG offer of £944k grant to expand the scheme by a further 5 properties in accordance with the principles articulated and agreed in the original LAHF Round 1 decision (E3480) and supported by the additional high-level business case attached in Appendix 1 of the report.

(2)  To delegate all operational decisions, including agreement of Memorandum of Understanding with MHCLG, individual property business cases, to the Director of Capital & Housing and Aequus loan funding decisions to the s151 Officer.

(3)  To increase the capital programme for the Local Authority Housing fund, having regard to the existing full approval of £3.567m, as follows:

(i)  Full approval of additional capital budget of £1.175m which reflects estimates for purchases of five properties on the open market funded by £938k government grant from MHCLG, £75k Afghan Integration Tariff, £139k Homelessness Prevention Grant and £23k from developer S106 contributions.

(ii)  Noting estimated loans of £637k to Aequus will be reflected in the existing Approval for Property Company Investment - Council (Loan): Developments.