Issue - meetings

AGREED recommendations.

Reasons for the decision – as detailed in the report

Other options considered – none

Conflicts of interest / dispensations granted – none

RESOLVED:

(a) To approve the borrowing of £85,304,000 within the Housing Revenue Account to supplement the funding provided by the Department of Levelling Up Housing and Communities (DLUH&C) to enable the Council to purchase 310 Ex Right to Buy properties, as detailed in the report of the Executive Member for Homes and Communities and the Executive Member fir Equalities, Culture and Inclusion.

(b) To note the capital funding of up to £81,725,260 allocated to Islington Council by the DLUH&C to enter into the grant agreements and to commence the purchasing of 310 Ex Right to Buy properties in Islington to accommodate homeless households with a local connection to Islington.

(c) To note the funding and to commence the purchase of these properties immediately.

(d) To approve the budget increases as outlined in paragraph 4.1.4 of the report.

Reasons for the decision – To assist the Council’s commitment to end homelessness, whilst ensuring a robust humanitarian response to support refugees from Afghanistan and Ukraine.

Other options considered – the Council considered partnering with a registered social landlord to deliver the programme, but this would not have offered greater benefits compared to the existing framework.

Conflicts of interest / dispensations granted – none