Decision details

Having considered an officer report, the tabled comments of the Housing

Select Committee and a presentation by the Cabinet Member for Housing,

Councillor Paul Bell, the Mayor and Cabinet agreed that:

(1) the Council’s intention to bid for in the region of £51.4m additional HRA

borrowing be approved;

(2) the Council’s intention to bid for in the region of £57.5m grant funding from

the GLA be approved;

(3) authority be delegated to the Executive Director for Customer Services to

sign off the final bid submission, subject to the approval of the Executive

Director for Resources and Regeneration; and

(4) the Council be willing in principle to participate in the GLA ring fencing

offer for Right to Buy receipts, subject to further details of the arrangements

being provided by the GLA and that this will be the subject of a separate

report to Mayor and Cabinet once those details are available.