Decisions for issue 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.

9.7      RESOLVED: That the Housing & New Homes Committee:

9.8      That the Housing & New Homes Committee notes that the following decisions have been taken by the Executive Director Neighbourhoods, Communities & Housing:

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

9.8.2   to make a transfer from the HRA of £0.548m to the General Fund in consideration for the appropriation referred to at 9.8 above;

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

9.9      That the Housing & New Homes Committee recommends to Policy, Resources & Growth that it agrees that the general fund will receive £0.112m less RTB receipts in 2019/20, therefore increasing the receipts available for use by the HRA.