Issue - meetings

Commuted Sums Advisory Panel

Meeting: 26/03/2015 - Executive (Item 135)

135 Commuted Sums Advisory Panel pdf icon PDF 204 KB

Decision:

RESOLVED: That a Commuted Sums Advisory Panel be established to make recommendations to the Executive about the allocation of commuted sums for affordable housing.

 

Minutes:

The Executive considered a report relating to the proposed establishment of a Commuted Sums Advisory Panel to make recommendations to the Executive about the allocation of commuted sums for affordable housing. 

 

It was noted that the Council could receive over £60m of affordable housing commuted sums over the coming years and the governance structure being proposed was to ensure that resources were targeted effectively and transparently to develop new affordable housing in the Borough.

 

The Leader of the Council stated that the development of the Commuted Sums Advisory Panel formed part of larger range of measures aimed at strengthening the governance arrangements of the Council’s wholly owned companies.

 

RESOLVED: That a Commuted Sums Advisory Panel be established to make recommendations to the Executive about the allocation of commuted sums for affordable housing.