That:

1)        Wokingham Housing Limited, the Council Owned Local Housing Company, (or a subsidiary of WHL), be selected as the development partner for the vulnerable young persons supported housing scheme at 52 Reading Road; 

2)        the 52 Reading Road, Wokingham site be transferred to Wokingham Housing Limited (WHL), or a subsidiary of WHL, on terms to be agreed by the Director of Corporate Services in consultation with the Leader of the Council;

3)        the site, subject to Recommendation 1 above, is appropriated for planning purposes under Section 227 of the Town and Country Planning Act 1990 and Section 122 of the Local Government Act 1972;

4)        the proposed funding model, including the allocation of up to £950,000 Section 106 receipts for the provision of supported housing on this site, be approved;

5)         the development brief for the 52 Reading Road site be approved;

6)        the transfer of land and funding for 52 Reading Road will be subject to WHL  securing a planning consent for the scheme.