Decision details

The Cabinet will be presented with an options paper relating to the proposed affordable housing developments at 53-135 Roxwell Road and 2 & 4 Stebbing Way, Thames View, Rectory Road/Jervis Court, Dagenham and Gascoigne Estate Phase 3B, Barking, in the light of increased development costs and other funding issues.

Cabinet resolved to:

(i)  Re-affirm its commitment to the project at 53-135 Roxwell Road and 2-4 Stebbing Way, Thames View, on the terms set out in the report;

(ii)  Agree the use of an additional £5.95m Right to Buy receipts and the allocation of circa £1.5m of S106 funding, available from the first two phases of the Fresh Wharf development towards the delivery of affordable housing in the borough, to support the viability of the project;

(iii)  Agree to the inclusion of a total of £32.4m in the Capital Programme to enable the project to proceed on schedule; and

(iv)  Delegate authority to the Chief Executive, in consultation with relevant Cabinet Members and Directors and on the advice of the Investment Panel, to negotiate terms, agree final arrangements and enter into all necessary contract documents and ancillary agreements to fully implement and effect the delivery of the projects.