This report seeks approval to allocate funding for the purchase of properties in Hammersmith and Fulham and neighbouring boroughs for the provision of affordable housing. This will facilitate a much needed increase in the supply of affordable housing that will help to ease the temporary accommodation pressure that the council has, while also making best use of right to buy receipts.
Reasons for urgency:
The Council wishes to maximise the use of Right to Buy one for one receipts to acquire more affordable housing in the Borough and avoid the loss of these funds the use of which is subject to a deadline.
Decision type: Key
Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 14/03/2018
This decision will be taken under urgency procedures.
Reason for urgency:
The Council wishes to maximise the use of Right to Buy one for one receipts to acquire more affordable housing in the Borough and avoid the loss of these funds the use of which is subject to a deadline
Report access: Open;
Report Type: Key Decision;
Decision due: 20 Mar 2018 by Leader of the Council
Lead member: Cabinet Member for the Economy
Lead director: Strategic Director of the Economy Department
Department: The Economy department
Contact: Labab Lubab Email: Labab.Lubab@lbhf.gov.uk Tel: 020 8753 4203.