Decision details

That approval be given to the Council making a capital contribution of £153,000 towards the cost of Adactus Housing Group providing 6 x 1 bedroom flats for Affordable Rent.

The Executive Member for Homes and Business presented a confidential report for the approval of a capital contribution towards the costs for affordable housing of 12-16 Halliwell Street into 6X1 bedroomed flats for rent.

The development of the site and payment of the grant would be on condition of Adactus’ bid for Empty Homes funding from the Homes and Communities Agency being successful. The Council’s capital contribution would assist in making the bid attractive to the HCA in terms of value for money.

Decision made

Approval granted for the capital contribution of £153,000 towards the cost of Adactus Housing Group providing 6X1 bedroomed flats for Affordable Rents.

Reason for decision

The new development would help to improve and regenerate an area of the town centre and would provide six much needed affordable homes for single people and couples. The new units will assist in meeting the affordable housing target of 100 new homes per annum.

Alternative option(s) considered and rejected.

The property has been empty for some time and if the Council does not contribute towards the cost of conversion of this building it is likely to remain empty for some time.