Entering into a funding agreement to provide grant for the provision of affordable housing under the Oxfordshire Housing and Growth Deal to Catalyst Housing with respect to Littlemore Park.
Decision Maker: Chief Executive
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Agreement to provide grant funding to support this development.
To enter into a funding agreement to provide grant for the provision of affordable housing under the Oxfordshire Housing and Growth Deal to Catalyst Housing Ltd with respect to Littlemore Park.
Reasons for the decision:
The conditions for the release of 90% of the funding has been met, and the development has already commenced on site. The remaining grant is to be paid on completion.
Alternative options considered:
Not to proceed with the agreement would represent a missed opportunity to deliver affordable housing.
Signed off by senior officers:
Caroline Green, Chief Executive
Decision taken in consultation with Cllr Alex Hollingsworth, Cabinet Member for Planning and Housing Delivery, and Cllr Ed Turner, Cabinet Member for Finance and Asset Management.
Publication date: 01/10/2021
Date of decision: 30/09/2021
Effective from: 05/10/2021