Appendix 3 contains exempt information pursuant to Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972. To discuss this item, it will be necessary for the Council to pass a resolution to exclude the press and public from the meeting (as set out at agenda item 14).

The Executive Director (Communities and People) has submitted a report to make available the required budget provision and the necessary project approval and delegations to enable the Council to proceed with entering into the national Local Authority Housing Fund Round 3.

Council is recommended to:

Approve an allocation of £1,910,000 capital budget from the Housing Revenue Account, for the Council’s investment to purchase the properties as part of Local Authority Housing Fund Round 3, with up to £1,061,000 being funded from HRA borrowing, and the rest covered by grant of up to £849,000