Issue - meetings
Homes and Communities Agency investment plan
Meeting: 14/09/2010 - Executive (Item 5)
5 Homes and Communities Agency investment plan PDF 118 KB
This report seeks approval to the draft Borough Investment Plan (BIP) that is being negotiated with the Homes & Communities Agency (HCA) under their “Single Conversation” process. This process governs the way in which investment resources will be allocated to deliver housing, regeneration and infrastructure. The BIP will form the basis of a detailed borough investment agreement with the HCA to confirm the proposed levels of investment required in the borough. If HCA investment powers for the London region are devolved to the Mayor of London (the “Mayor”), then the BIP and specific investment agreements will form the basis of a devolved delivery investment agreement for Brent between the Council, the Mayor, the HCA and other investment partners. The BIP is expected to be agreed with the HCA before the Comprehensive Spending Review announcement in October 2010.
Appendices 1 and 2 have been circulated separately and are available on the council’s website.
Additional documents:
Decision:
(i) that approval be given to the draft Borough Investment Plan attached to Appendix 1 of the report from the Director of Housing and Community Care;
(ii) that authority be delegated to the Director of Housing and Community Care and the Director of Regeneration and Major Projects (once appointed) to agree the final draft of the Borough Investment Plan;
(iii) that authority be delegated to the Director of Housing and Community Care and the Director of Regeneration and Major Projects to submit an Expression of Interest to enter into a Devolved Delivery Agreement with the Mayor and other investment stakeholders.
Minutes:
This report from the Director of Housing and Community Care sought approval to the draft Borough Investment Plan (BIP) that was being negotiated with the Homes and Communities Agency (HCA) under their “Single Conversation” process. This process governed the way in which investment resources would be allocated to deliver housing, regeneration and infrastructure. The BIP would form the basis of a detailed borough investment agreement with the HCA to confirm the proposed levels of investment required in the borough. The BIP was expected to be agreed with the HCA before the Comprehensive Spending Review announcement in October 2010.
Councillor Thomas (Lead Member, Housing and Customer Services) drew attention to the investment plan which had been drafted in consultation with local agencies including landlords and also developers. It was the intention for plans to be in place ready for when the Mayor of London took over responsibility for housing and regeneration under the proposed Decentralisation and Localism Bill due to receive Royal Assent in late 2011.
RESOLVED:
(i) that approval be given to the draft Borough Investment Plan attached to Appendix 1 of the report from the Director of Housing and Community Care;
(ii) that authority be delegated to the Director of Housing and Community Care and the Director of Regeneration and Major Projects (once appointed) to agree the final draft of the Borough Investment Plan;
(iii) that authority be delegated to the Director of Housing and Community Care and the Director of Regeneration and Major Projects to submit an Expression of Interest to enter into a Devolved Delivery Agreement with the Mayor and other investment stakeholders.