Decision - New Homes For Neighbourhoods - Scheme Approval Victoria Road

(1)      That the options contained on page 12 of the Stage 2 (Light) Feasibility Study in Appendix 2 of this report be noted;

(2)      That Option 3 in the report be agreed and the following be approved:

(i)              The proposed scheme of 45 new council homes at the site comprising the former Housing Office, Portslade Bowls Club and bowling greens (see Appendix 1), under the New Homes for Neighbourhoods programme;

(ii)     The provision of a new Joint Sports Pavilion for Portslade Bowls Club, which includes football facilities for users of Victoria Recreation Ground, to facilitate the release of the development site;

(iii)     The scheme rent levels with one bedroom properties set at 37.5% living wage rent and all other properties at 80% of market rent levels capped at LHA rates in line with the New Homes Rent Policy;

(iv)    Construction through the council’s City Build Construction Partnership with Morgan Sindall.

(3)                That the Policy, Resources & Growth Committee be recommended to:

(v)     Approve the site within the redline boundary (see Appendix 1) to be  appropriated to the HRA from the General Fund for a capital receipt of £1.454m for planning purposes;

(vi)    Delegate authority to the Executive Director of Environment, Economy and Culture to appropriate for housing purposes once the development is complete; and

(vii)    Approve a budget of £12.914m financed by HRA borrowing, right to buy receipts and Government Land Release funding to form part of the HRA capital programme for 2019/20 – 2021/22.