Issue - meetings

That the following be approved:

1)        the Council transfers the completed 22 apartments at Peach Place, Wokingham to a Council-owned housing company on terms to be agreed by the Director of Corporate Services in consultation with the Leader of the Council;

 2)       the proposed funding model, including the allocation of Section 106 receipts for the provision of affordable housing;

3)         the proposed tenure mix;

4)       the delegation of any further related and subsidiary decisions if required to complete the transaction to the Chief Executive in conjunction with the Leader.

The Executive considered a report relating to the transfer of 22 apartments at Peach Place, Wokingham to a Council-owned housing company which would assist in meeting housing needs through the provision of high quality affordable housing for essential workers.

Members’ attention was drawn to the fact that “the scheme would be open to a range of low income key workers who were vital to the delivery of public services and/or support the local economy” and were not exclusively for public sector employees.

The Leader of Council was pleased to note the delivery of 22 key worker houses that were right in the middle of the Town Centre with good transport links.

RESOLVED that the following be approved:

1)        the Council transfers the completed 22 apartments at Peach Place, Wokingham to a Council-owned housing company on terms to be agreed by the Director of Corporate Services in consultation with the Leader of the Council;

 2)       the proposed funding model, including the allocation of Section 106 receipts for the provision of affordable housing;

3)         the proposed tenure mix;

4)       the delegation of any further related and subsidiary decisions if required to complete the transaction to the Chief Executive in conjunction with the Leader.