Decision - New Homes for Neighbourhoods - Final Scheme approval - Selsfield Drive, Brighton

(1)  That the Housing and New Homes Committee approve:

i.         The final scheme design;

ii.        The scheme rent levels;

iii.      The estimated levels of additional investment required from the Housing Revenue Account (HRA) for the chosen rent model and delegates authority to the Executive Director of Environment, Development and Housing and the Executive Director of Finance and Resources in consultation with the Estate Regeneration Member Board to agree reasonable amendments to that subsidy if changes arise;

iv.      That the site of the former Housing Office, Garages and Stores, Selsfield Drive, Brighton is appropriated for planning purposes and the development of new housing.

(2)  That the Housing and New Homes Committee recommend to Policy & Resources Committee to:

v.       Approve a budget of £6.875 million for Selsfield Drive in the HRA Capital Programme which will be financed through a mixture of HRA borrowing and retained Right to Buy capital receipts.