Issue - decisions

Affordable Development programme update

18/11/2022 - Affordable Development Programme Update

Cabinet agreed the following:

 

1.  An increase in the number of homes to be delivered as part of Phase 4 from 36 to 61;

 

2.  That £8.1m for 2024/25 vired from the ‘New Build Phase 5’ capital scheme be transferred to the ‘New Build Phase 4’ scheme, to accommodate the scheme of works set out in this report; and

 

3.  The ‘New Build Phase 4 scheme’ budget for 2024/25 is increased by £0.2m, to be funded from the borrowing allocated to and a corresponding decrease in the ‘New Build Phase 5’ scheme budget for 2025/26.