Decision details
Blackbird Leys Development - contract with Homes England for Housing Infrastructure Fund (HIF) funding
Decision Maker: Executive Director (Development)
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To enter into a contract with Homes England for HIF funding in the sum of approximately £6.25 million and with the deadline for expenditure extended to March 2023
Decision:
To enter into a contract with Homes England for HIF funding in the sum of approximately £6.25 million and with the deadline for expenditure extended to March 2023.
Reasons for the decision:
To secure external funding to support the delivery of the project.
Alternative options considered:
There was no alternative funding option available. To not accept the HIF funding would have been a missed opportunity and would have increased the project deficit.
Publication date: 10/03/2020
Date of decision: 07/11/2019