Issue - meetings
Addressing Unmet Housing Need - Outline Business Case to Establish a Wholly Owned Local Housing Company
Meeting: 12/12/2018 - Cabinet (Item 120)
Lead Member – Councillor R Macey – Portfolio Holder for Planning and Housing Development
Report of the Director of Place
Contact: Mark Barrow Tel: 01743 258919
Additional documents:
- Local Housing Company Outline Business Case - December 2018, item 120
PDF 429 KB
- Trowers and Hamlins Legal Advice, item 120
PDF 231 KB
Decision:
RESOLVED:
That the following be recommended to Council:
· In principle that a Council Wholly Owned Local Housing Company be formed.
· The outline governance and constitutional arrangements for the Company detailed in the report are agreed.
· A full business case, business plan, financing and governance arrangements be developed by the Executive Director of Place in consultation with the Portfolio Holder for Planning & Housing Development; and be brought back for final approval.
Minutes:
The Portfolio Holder for Planning and Housing Development presented a report from the Director of Place outlining the business case to establish a wholly owned Local Housing Company.
General cross Party support for this initiative was acknowledged together with the overarching accepted aim to provide the right house in the right place to meet the needs of local people.
RESOLVED:
That the following be recommended to Council:
· In principle that a Council Wholly Owned Local Housing Company be formed.
· The outline governance and constitutional arrangements for the Company detailed in the report are agreed.
· A full business case, business plan, financing and governance arrangements be developed by the Executive Director of Place in consultation with the Portfolio Holder for Planning & Housing Development; and be brought back for final approval.