Decision details

The Commercial Director and Chief Finance Officer submitted a report to update the Executive on the latest status of the Build! Programme.

Resolved

(1)          That the latest programme and financial summary be noted.

(2)          As set out in the exempt minutes.

(3)          That the outputs of the Cherwell Community Build financial viability review be noted.

(4)          As set out in the exempt minutes.

(5)          As set out in the exempt minute.  

(6)          That the urgent actions taken by the Commercial Director regarding the approval of Old Place Yard and Hanwell Fields contracts for the delivery of supported housing units be noted.

Reasons

This report is to provide an update to the Executive on the work being carried out by the Build! team and monitored through the Build! Project Board.

The Build! programme has been running for a number of years and was set up to deliver certain types of housing unit that was identified as a need for the District and to provide a return on capital invested. This programme has to date delivered 156 residential units, provided regeneration opportunities in the two urban centres, promoted self/custom build and provided a revenue and capital return which can be reinvested in delivering other housing need/regeneration projects.

Alternative options

Option 1: Not to support the recommendations within this report would have implications for the delivery of the programme in terms of units and financial return.