Issue - meetings

Chudleigh Shared Equity Scheme

Meeting: 19/11/2019 - Full Council (Item 68)

68 Chudleigh Shared Equity Scheme pdf icon PDF 255 KB

Additional documents:

Minutes:

The Portfolio Holder for Climate Change Emergency & Housing presented the report to seek Member approval for Section 106 offsite affordable housing contributions of £667,265.69 generated within the Parish of Chudleigh to be used for a Shared Equity Scheme within the Parish.

 

Members welcomed the scheme which would assist first time buyers in Chudleigh with the deposits they require to access a mortgage.

 

In response to a Member’s question, the Housing Enabling and Development Manager clarified that all these off site Section 106 contributions were ring fenced for affordable housing in perpetuity and any funds received as part of the scheme would be reinvested in affordable housing in Chudleigh.

 

The recommendation was proposed by Portfolio Holder for Climate Change Emergency & Housing, seconded by the Chairman of the Council and carried unanimously.

 

RESOLVED that a Shared Equity Scheme is set up in Chudleigh using £667,265.69 of capital receipts received by way of offsite affordable housing contributions to assist up to 13 local purchasers.


Meeting: 31/10/2019 - Executive (Item 86)

86 Shared Equity Scheme in Chudleigh pdf icon PDF 255 KB

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Decision:

 

RECOMMENDED to Council that a Shared Equity Scheme is set up in Chudleigh using £667,265.69 of capital receipts received by way of offsite affordable housing contributions to assist up to 13 local purchasers.

 

Minutes:

The Portfolio Holder for Climate Change Emergency & Housing presented the report to seek Member approval for Section 106 offsite affordable housing contributions of £667,559 generated within the Parish of Chudleigh to be used for a Shared Equity Scheme within the Parish.

 

Non-Executive Members commented on the need to balance support for affordable housing and the broader council policies on affordable housing.

 

The Housing Enabling and Development Manager clarified that all these off site Section 106 contributions were ring fenced for affordable housing in perpetuity and any funds received as part of the scheme would be reinvested in affordable housing.

 

The Leader commented that this was a great scheme and that it was important that the Council looked across the district at all potential brownfield sites that could be developed.

 

The Portfolio Holder for Climate Change Emergency & Housing proposed the recommendation, this was seconded by the Portfolio Holder for Waste Management & Environmental Health.

 

RECOMMENDED to Council that a Shared Equity Scheme be set up in Chudleigh using £667,265.69 of capital receipts received by way of offsite affordable housing contributions to assist up to 13 local purchasers.