Decision details

Capital Investment Proposal - Housing for Young People

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

Resolved:

1.1 That, subject to negotiation of a suitable agreement in accordance with below on terms to be agreed by the Director of Housing, approval be given to allocate £666,734 from the commuted sum pot of money (derived from Section 106 Agreements), as a contribution towards the refurbishment of 3 low rise blocks at Hallam Close, West Bromwich for the provision of 54 one-bedroom affordable rented apartments for young

people. The project is conditional on planning consent being secured.

 

1.2 That the Director of Housing be authorised to negotiate a suitable agreement with St Basils, a registered provider of social housing, for the management and maintenance of these apartments by St Basils, to include 100% nomination rights for Sandwell Council.

 

1.3 That the Director of Law & Governance be authorised to execute (under seal if necessary) the agreement negotiated by the Director of Housing, and any ancillary documentation to secure the Council’s contribution to, and rights in respect of the development.

Publication date: 23/02/2022

Date of decision: 23/02/2022

Decided at meeting: 23/02/2022 - Cabinet

Accompanying Documents: