The Council were successful in securing £5.61m from the Homes & Communities Agency (HCA) towards the delivery of 187 homes under the 2016-21 Shared Ownership and Affordable Homes Programme.

The grant relates to Houghton Regis Central and Crescent Court and is critical to the affordability of both projects.

This report seeks the approval of the executive to enter into contract with the HCA.

That the Council enter into a contract with the Homes & Communities Agency for the provision of £5,610,000 funding to Central Bedfordshire Council to deliver 187 homes under the Shared Ownership and Affordable Homes Programme 2016 to 2021.