Issue details

Project Approval and Allocation of Housing and Growth Deal Funding for Affordable Housing Delivery

Cabinet, on 14 October 2020, resolved to:

1.    Give project approval to the proposals, to accept and distribute grant; enter into funding agreements; and any other necessary agreements or contracts, as set out in this report for sites at William Morris Close; Gibbs Crescent; and Champion Way, for the purpose of delivering more affordable housing in Oxford, through the Oxfordshire Housing and Growth Deal programme;

2.    Note that the Head of Financial Services proposes to use financial delegations for grant funded capital schemes, to make the initial payment for William Morris Close, by the required deadline;

3.    Note that the budget for further Growth Deal grant payments will be requested in future budget reports;

4.    Delegate authority to the Director of Housing, in consultation with the Cabinet Member for Affordable Housing; the Head of Financial Services/Section 151 Officer; and the Council’s Monitoring Officer, to enter into funding and other necessary agreements for the purpose of delivery affordable housing through the Oxfordshire Housing and Growth Deal programme, within identified budgets, for the schemes listed in this report;

5.    Delegate authority to the Chief Executive, in consultation with the Cabinet Members for Finance and Asset Management, and Affordable Housing, to approve any agreements over £500,000 for affordable housing, within this project approval and budget envelope; and

6.    Recommend to Council that it approves a revision to the general fund capital budget in 2020/21 of £3,123,000, for the initial grant payment in relation to the William Morris Close site, and a further capital budget for 2021/22 of £347,000 to fund the remaining grant balance payable for that scheme all of which will be funded by capital grant income from Oxfordshire Housing and Growth Deal (OGD).

Decision type: Key

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 16/09/2020

Decision due: 14 Oct 2020 by Cabinet

Decision due: 30 Nov 2020 by Council

Decision due: 30 Sep 2021 by Chief Executive

Decision due: 4 Jan 2022 by Executive Director (Communities and People)

Decision due: Before 31 Dec 2030 by Chief Executive

Considered on: 30 Nov 2020 by Council

Lead member: Cabinet Member for Housing and Communities

Lead director:

Department: Housing Services

Contact: Dave Scholes, Affordable Housing Supply Corporate Lead Email: dscholes@oxford.gov.uk Tel: 01865 252636.

Reason date could change: Confirmed for this meeting

Is the date subject to change: No

Decisions

Agenda items