Decisions for issue Use of Right to Buy receipts for appropriation of properties to the HRA and grant to Homes for Brighton & Hove Limited Liability Partnership (LLP)
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Use of Right to Buy receipts for appropriation of properties to the HRA and grant to Homes for Brighton & Hove Limited Liability Partnership (LLP)
11/07/2019 - Use of Right to Buy receipts for appropriation of properties to the HRA and grant to Homes for Brighton & Hove Limited Liability Partnership (LLP)
RESOLVED: That the Committee -
(i) Noted that the following decisions have been taken by the Executive Director Neighbourhoods, Communities & Housing:
· appropriate Flat 1 Greenleas, Hangleton Valley Drive and The Bungalow, Drove Road Portslade from the General Fund to the HRA;
· to make a transfer from the HRA of £0.548m to the General Fund in consideration for the appropriation referred to above;
· to make a grant of £0.223m to the LLP.
(ii) Agreed that the general fund wpuld receive £0.112m less RTB receipts in 2019/20, therefore increasing the receipts available for use by the HRA.
19/06/2019 - Use of Right to Buy receipts for appropriation of properties to the HRA and grant to Homes for Brighton & Hove Limited Liability Partnership (LLP)
9.7 RESOLVED: That the Housing & New Homes Committee:
9.8 That the Housing & New Homes Committee notes that the following decisions have been taken by the Executive Director Neighbourhoods, Communities & Housing:
9.8.1 to appropriate Flat 1 Greenleas, Hangleton Valley Drive and The Bungalow, Drove Road Portslade from the General Fund to the HRA;
9.8.2 to make a transfer from the HRA of £0.548m to the General Fund in consideration for the appropriation referred to at 9.8 above;
9.8.3 to make a grant of £0.223m to the LLP.
9.9 That the Housing & New Homes Committee recommends to Policy, Resources & Growth that it agrees that the general fund will receive £0.112m less RTB receipts in 2019/20, therefore increasing the receipts available for use by the HRA.