Issue - meetings

This report seeks permission to purchase 101 affordable housing units forming part of the 1 – 8 Neville House, 1 – 64 Winterleys, 113  - 128 Carlton House and Carlton Hall (“NWCC”)  housing site  forming  part of the South Kilburn Regeneration Programme from the developer partner when appointed.

Cabinet RESOLVED:

(1)     To approve the proposed acquisition of the 101 affordable units for the purchase price detailed in Appendix 1 of the report (which contained exempt information) from the Preferred Bidder, subject to it being selected as the developer partner for the NWCC site, on the basis of receipt of GLA funding as detailed in paragraph 3.6 of the report and with the remaining balance to be funded from the capital programme.

(2)     To delegate authority to the Strategic Director of Community Wellbeing in consultation with the Cabinet Member for Housing & Welfare Reform to negotiate and agree the terms and thereafter enter into a development and sale and purchase agreement with the Preferred Bidder for the purchase of the 101 affordable units, and thereafter make any variation to the contract if required.

Councillor Southwood (Cabinet Member for Housing & Welfare Reform) introduced a report seeking approval to proceed with the purchase of 101 affordable housing units forming part of 1-8 Neville House, 1-64 Winterleys, 113-128 Carlton House and Carlton Hall (NWCC) on a housing site forming part of the South Kilburn Regeneration Programme from the developer partner.

In considering the report, Cabinet noted that the approach identified reflected the Council’s desire as part of any future regeneration developments to proactively maximise opportunities as they arose to increase the supply of affordable housing within the borough whilst also exercising options available to become the preferred provider of the social housing elements.  Previously it had been Housing Associations encouraged to partner with approved developers in order to manage the affordable housing element of these type of schemes, with members pleased to recognise NWCC as the first development to come forward in this way.

In commending the approach and welcoming the impact in terms of the supply of affordable housing, members noted that the proposed tenure mix had been confirmed as meeting essential housing needs identified within South Kilburn with the location of the scheme also benefiting the overall programme of regeneration in the area and outcome for local residents.

Having noted the exempt information contained within the appendix of the report, Cabinet RESOLVED:

(1)     To approve the proposed acquisition of the 101 affordable units for the purchase price detailed in Appendix 1 of the report (which contained exempt information) from the Preferred Bidder, subject to it being selected as the developer partner for the NWCC site, on the basis of receipt of GLA funding as detailed in paragraph 3.6 of the report and with the remaining balance to be funded from the capital programme.

(2)     To delegate authority to the Strategic Director of Community Wellbeing in consultation with the Cabinet Member for Housing & Welfare Reform to negotiate and agree the terms and thereafter enter into a development and sale and purchase agreement with the Preferred Bidder for the purchase of the 101 affordable units, and thereafter make any variation to the contract if required.