Issue - meetings
Use of s106 Commuted Sums to support delivery of affordable homes in North Norfolk
Meeting: 23/02/2021 - Cabinet (Item 37)
37 Use of s106 Commuted Sums to support delivery of affordable homes in North Norfolk 
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Summary:
Options considered: |
This report seeks support to allocate £900k of existing Section 106 commuted sums to provide enabling grant to Registered Providers to deliver new affordable homes in North Norfolk. The funding would help deliver five housing schemes providing approximately 181 affordable homes (an average of below £5k grant funding per home). The funding would be required between 2021/22 and 2023/24 and provision for this can be built into future capital programmes (£500k has already been included in the 2021/22 capital programme).
The Section106 monies held can only be used to fund delivery of affordable homes. The option of retaining the monies for alternative future affordable housing schemes is rejected as this runs the risk of not using the receipts effectively and meaning that some of the monies may need to be repaid.
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Conclusions:
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The proposals in this report help deliver the Corporate Plan objective “Local Homes for Local Need” and will help deliver 181 good quality, energy efficient, affordable homes.
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Recommendations:
Reasons for Recommendations:
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That Cabinet allocate £900k of the existing s106 monies held to support Registered Provider deliver new affordable housing schemes. Provision to be made in the capital programme for five specific housing schemes within the S106 Enabling Budget with £450k allocated in 2021/22, £275k in 2022/23 and £175k in 2023/24.
To provide authority for expenditure over £100,000. |
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Cabinet Member(s) Cllr Greg Hayman
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Ward(s) affected: North Walsham West, Stalham, Priory, Bacton |
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Contact Officer, telephone number and email:
Nicky Debbage, Housing Strategy & Delivery Manager, 01263 516027, nicky.debbage@north-norfolk.gov.uk
Additional documents:
- Cabinet - Exempt Appendices A & B to Use of s106 monies to support AH , View reasons restricted (37/2)
Decision:
Decision
RESOLVED to
Allocate £900k of the existing s106 monies held to support Registered Provider deliver new affordable housing schemes. Provision to be made in the capital programme for five specific housing schemes within the S106 Enabling Budget with £450k allocated in 2021/22, £275k in 2022/23 and £175k in 2023/24.
Reasons for the decision:
To provide authority for expenditure over £100,000 (key decision threshold)
Minutes:
The Portfolio Holder for Housing & Benefits, Cllr G Hayman, introduced this item. He said that this was an exciting proposal to allocate £900k of existing Section 106 commuted sums for the provision of enabling grants to registered providers to deliver new affordable homes in North Norfolk. It was anticipated that the funding would help deliver five housing schemes providing approximately 181 affordable homes. He explained that the Section 106 monies held could only be used to fund the delivery of affordable homes. He concluded by saying that the proposals helped deliver the Corporate Plan objective ‘Local Homes for Local Need’.
The Housing Strategy & Delivery Manager drew members’ attention to the potential ‘Extra Care’ housing scheme in North Walsham. Almost £690k of the s106 receipts had been generated by a recent development in North Walsham and by supporting the extra care scheme, the housing would not only be delivered near to the site which had generated the funds but would also support the Corporate Plan objective to support the delivery of 500 units of ‘Housing with care’ units.
The Chairman said that he welcomed the proposals. He added that there were some outstanding planning issues regarding some of the proposals and it was important to ensure that these were addressed before the projects progressed too much further.
Cllr R Kershaw said that he supported the proposals. As local member for Warham, he said that the scheme was welcomed by residents of the village.
It was proposed by Cllr G Hayman, seconded by Cllr J Toye and
RESOLVED to
Allocate £900k of the existing s106 monies held to support Registered Provider deliver new affordable housing schemes. Provision to be made in the capital programme for five specific housing schemes within the S106 Enabling Budget with £450k allocated in 2021/22, £275k in 2022/23 and £175k in 2023/24.
Reasons for the decision:
To provide authority for expenditure over £100,000 (key decision threshold)