Decision details

To seek approval for the funding arrangements to deliver 11No. new affordable houses for shared ownership on land at Stubbington Lane in Hill Head.

To also seek approval of the process toward the appointment of contractors for the scheme.

The attached report provides Members with an overview of the funding arrangements proposed to be used to deliver new affordable homes on land at Stubbington Lane, a site which is owned by Fareham Borough Council and allocated for residential development.

Further details surrounding the funding arrangements, including the total estimated cost to deliver the project, are provided in the Confidential Appendix A attached to this report.

The report also seeks Executive approval for delegated authority that will allow a time efficient appointment of an appropriate contractor to build out the scheme.

RESOLVED that the Executive Member agrees:

(a)  the funding mechanisms, as outlined in the confidential Appendix A attached to this report, for the delivery of 11No. new shared ownership properties; and

(b)  that the award of contract and the appointment of building contractor(s) for the Stubbington Lane development be delegated to the Deputy Chief Executive Officer, following consultation with the Executive Member for Housing.