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

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.

The Executive considered a report from the Executive Member for Social Care and Housing that sought approval to enter into a contract with the Homes & Communities Agency (HCA) for the provision of £5,610,000 to Central Bedfordshire Council to deliver 187 homes under the Shared Ownership and Affordable Homes Programme 2016 to 2021.  The grant would be used to help deliver the Independent Living schemes of Houghton Regis Central and Crescent Court, Toddington.

In response to a question, the Director of Social Care, Health and Housing explained that this bid was for the specific scheme of affordable housing of mixed tenure.  Mixed tenure could include outright sales and this was part of the plan for Houghton Regis Central.  Other registered providers could apply for grants from the HCA.

Reason for decision:  To enable the Council to enter into a contract with the HCA to receiving the funding.

RESOLVED

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.