Decision details
Commuted Sums and Shared Equity Redemption Payments Policy
Decision Maker: Community and Enterprise Overview & Scrutiny Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To consider revisions to the Policy to allow
more flexibility in certain circumstances in using to support SHARP
/ HRA New Build Programme.
Decision:
(a) That the Committee supports:
(i) Where a commuted sum is paid to the Council in lieu of on-site affordable housing provision, these monies must be prioritised for the relevant Community Council area;
(ii) Where a commuted sum is received and on site affordable housing has been provided as part of the Section 106 agreement, the monies can be utilised as part of the Council’s priority for developing affordable homes across Flintshire through SHARP;
(b) That the Committee supports the approach to the shared equity redemption payments as set out in the report; and
(c) That the Committee receives an annual monitoring report on the commuted sums and shared equity redemption payments.
Report author: Lesley Bassett
Publication date: 21/02/2017
Date of decision: 23/01/2017
Decided at meeting: 23/01/2017 - Community and Enterprise Overview & Scrutiny Committee
Accompanying Documents:
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