42 Allocation of S106 Commuted Sum Monies (Bay House and Barn Close)
To approve the spend of secured S106
affordable housing commuted funds to support the redevelopment of
two Silva Homes sites to create 51 additional social rented homes
for applicants on the Council’s housing register
1 That spend of up to £500,000 to Silva Homes from the Section 106 affordable housing commuted fund be approved, to support the development of 51 additional social rented homes for households on the Council’s housing register; and,
2 That payment YN654 (TRL) of £478,511.73 and part of payment YN717 (Christine Ingram Gardens) of £50,501 be approved to fund the proposed spend.