AGREED to:
· Approve receipt of the LA Housing Fund 2 grant in the sum of £559,000for the purposes described.
· Authorise entry into the prescribed Memorandum of Understanding with DLUHC delegated to the Monitoring Officer in Consultation with Investment Board; and
· Fund the residual element for the 5 properties to be purchased, delegated to the Section 151 officer to determine in consultation with Investment Board members and delegate purchase of individual properties to the S151 officer in consultation with Investment Board. Range of funding needed has been identified in the confidential Appendix A.
· Delegate acceptance of a further allocation from the LAHF fund if additional funding becomes available either through this funding round or future LAHF funding rounds to the Section 151 officer in consultation with the Investment Board, Portfolio Holder for Housing.
· Properties to be purchased outside PE13 and PE14 post code areas.