Decision details
Funding agreement for the provision of affordable housing at the A2 Dominion development at Gibbs Crescent under the Oxfordshire Housing and Growth Deal
Decision Maker: Executive Director (Development)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Agreement to provide grant funding of £2,150,000 to support this development. The condition for the release of 90% of the funding has already been met (contractual start on site achieved, with the signing of the main build contract at the end of March 2022). The remaining grant is to be paid on completion (in 2024/25).
Decision:
To enter into a funding agreement to provide grant for the provision of further affordable housing under the Oxfordshire Housing and Growth Deal to A2 Dominion Housing Group with respect to the Gibbs Crescent development.
Reasons for the decision:
To enable the continued delivery of more affordable housing.
Alternative options considered:
The option not to enter into the funding agreement was rejected as this would have prevented the delivery of affordable housing. Project approval for the proposal was granted by Cabinet on 13 April 2022.
Signed off by senior officers:
Decision taken by Tom Bridgman, Executive Director (Development) in consultation with Nigel Kennedy, Head of Financial Services, Susan Sale, Head of Law and Governance, and Councillor Alex Hollingsworth, Cabinet Member for Planning and Housing Delivery.
Publication date: 08/08/2022
Date of decision: 05/08/2022
Effective from: 11/08/2022
Accompanying Documents:
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