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Issue details

Securing homes for homelessness households - KEY/11DEC17/04

Cabinet considered the report and RESOLVED to:

 

1.    Approve in principle the funding mechanisms and processes discussed in this report for managing the investment of previously agreed funding into Medesham Homes LLP for the purposes of increasing the supply of housing, helping address the demand for accommodation created as a result of the increase in homelessness;

 

2.    In respect of the specific proposal in relation to Midland Road properties Cabinet delegated to the Corporate Director for Growth and Regeneration and the Service Director for Communities and Safety (in consultation with the Corporate Director of Resources and the Leader of the Council) the authority to approve funding of up to £4m to Medesham Homes LLP subject to the submission of an acceptable business case by Medesham Homes LLP through the process defined in this report;

 

3.    In respect of the specific proposal in relation to providing funding for Midland Road, Cabinet delegated to the Director of Law and Governance the authority to finalise and put in place any agreements and legal documentation necessary to give effect to these proposals, in consultation with the Corporate Director of Growth and Regeneration and the Corporate Director, Resources.

 

Decision type: Key

Reason Key: Expenditure or savings greater than £500,000;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 10/11/2017

Decision due: 15 Jan 2018 by Cabinet

Lead member: Cabinet Member for Growth, Planning, Housing and Economic Development

Lead director: Corporate Director Growth and Regeneration

Department: People and Communities

Contact: Ian Phillips, Social Inclusion Manager Email: ian.phillips@peterborough.gov.uk Email: Ian.phillips@peterborough.gov.uk Tel: 01733 863849.

Relevant Scrutiny Committee: Growth, Environment and Resources

Decisions

Agenda items