Issue - meetings

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.

The Mayor commented that this was an important bid to the GLA which could

go a long way to meeting the new social homes target promised in his election

manifesto. In presenting the report, Councillor Bell thanked the Housing

Select Committee for their tabled comments which were very supportive of the

bid.

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, for the reasons set out in the

report:

RESOLVED by six votes to nil 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.