Decision details

The Cabinet will be asked to approve the B&D Reside Business Plan for 2019-2022, which will set out the company’s plans for the delivery and management of its affordable housing portfolio in the Borough.

Cabinet resolved to:

(i)  Approve the Reside Business Plan for 2019/20, as attached at Appendix A to the report;

(ii)  Note the options appraisal and business case for Barking and Dagenham Homes Ltd to become a Registered Provider of Social Housing as set out in section 3 of the report, and agree that the company should proceed to become a Registered Provider of Social Housing;

(iii)  Delegate authority to the Director of Law and Governance to prepare and execute any relevant articles of association, partnership agreements, loans or and any other relevant legal documents on behalf of the Council to register Barking and Dagenham Homes Ltd as a Registered Provider;

(iv)  Delegate authority to the Director of Law and Governance to authorise/execute any leases or other agreements required so that 41 units at Becontree Heath can be transferred to the Registered Provider at the appropriate time;

(v)  Approve the Tenancy and Rent Policy Framework that shall govern Reside’s approach to those matters, as outlined in section 4 of the report; and

(vi)  Approve the revised Shareholder Agreement between the Council and Barking and Dagenham Reside Regeneration Limited, as set out at Appendix 2 of Appendix A to the report.