Decision - Use of Right to Buy receipts for appropriation of properties to the HRA and grant to Homes for Brighton & Hove Limited Liability Partnership (LLP)

RESOLVED: That the Committee -

(i)            Noted that the following decisions have been taken by the Executive Director Neighbourhoods, Communities & Housing:

·     appropriate Flat 1 Greenleas, Hangleton Valley Drive and The Bungalow, Drove Road Portslade from the General Fund to the HRA;

·          to make a transfer from the HRA of £0.548m to the General  Fund in consideration for the appropriation referred to above;

·     to make a grant of £0.223m to the LLP.

(ii)          Agreed that the general fund wpuld receive £0.112m less RTB receipts in 2019/20, therefore increasing the receipts available for use by the HRA.