Decision details

Further to Minute 151 (20 February 2007), received a report concerning The Housing Corporation’s recent announcement that it is to extend its current schedule of development partners who will then be eligible for direct grant for the provision of new affordable homes.  This would include Registered Social Landlords, private developers and potentially new asset backed delivery vehicles, such as the Council’s proposed Barking Riverside Local Housing Company.

The timetable for making a written submission to the Housing Corporation for Partnership Status was very tight and needed to be with the Housing Corporation by 17 May 2007.

Whilst this timetable presented difficulties, securing partnership status for the Barking Riverside Local Housing Company would be of great benefit to the Council and community in terms of providing affordable homes by way of securing grant or direct equity investment from the Housing Corporation that would not be available to the Council alone.

Agreed, in order to assist the Council achieve its Community Priority of Improving Health, Housing and Social Care, that a submission be made to the Housing Corporation for Partnership Status for the Barking Riverside Local Housing Company.