Decision - Old Steine and Palace Place appropriation from General Fund to Housing Revenue Account

RESOLVED:

(1)          That it be agreed to proceed with Option A (the appropriation and development of a 100% affordable, 11-home housing scheme to meet demand for temporary accommodation);

(2)          That a budget of up to £2.660m to be included in the HRA capital programme for 2021/22 financed by HRA borrowing, right to buy Receipts, general capital receipts and HRA reserves be agreed; and

(3)          That the Executive Director of Housing, Neighbourhoods & Communities be granted delegated authority to appropriate 62-63 Old Steine & 3-4 Palace Place from the General Fund to the Housing Revenue Account and agrees that the General Fund is compensated by £0.890m.