Decisions for issue New Homes for Neighbourhoods – Scheme and Appropriation Approval - Lynchet Close
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New Homes for Neighbourhoods – Scheme and Appropriation Approval - Lynchet Close
14/07/2017 - New Homes for Neighbourhoods – Scheme and Appropriation Approval - Lynchet Close
1) That Policy, Resources and Growth Committee note and approve the recommendations as set out below, as recommended for approval by Housing and New Homes Committee:
i. Approve that the Environmental Services land marked with hatching in Appendix 1 be appropriated to the Housing Revenue Account for a nil capital receipt for planning purposes to enable the whole vacant Lynchet Close site to be developed for new council housing;
ii. Approve a budget of £2.532m for the Lynchet Close scheme in the HRA Capital Programme which will be financed through a mixture of HRA borrowing and retained Right to Buy capital receipts.