Decision details

Members considered the proposal for the Council to acquire 22 rented and four shared ownership homes from the developer of the allocated housing site off Field farm, Stapleford.  The acquisition of these units would assist the Council in meeting its housing targets as set out in the approved Housing Delivery Plan. All the affordable homes would be built in three phases between 2023 and 2026.

The current waiting list for family accommodation was high and there was a need to provide housing across the Borough. The housing targets as set out in the approved Housing Delivery Plan would not be met without this allocation of funding and ongoing programme of approvals relating to the purchase, acquisition, financing and construction of new homes.

RESOLVED that:

1.    Up to £3.5 million be allocated in the HRA capital programme for 2022/23 to 2025/26 for the construction of 26 rented and shared ownership homes at the site,

2.    A delegation be made to the Deputy Chief Executive and Section 151 Officer, following consultation with the relevant Cabinet Members for all approvals relating to the purchase, acquisition, financing and construction of the homes,

3.    An exemption to the Council’s standing orders be provided to allow a building contract be entered into with the developer of the Field Farm site.

Reason

This will assist with the Council’s corporate priority of Housing and the aim of providing a good quality home for everyone.