Issue - meetings

Division/Wards Affected: All

Purpose: To brief Cabinet on the status of Affordable Housing S106 contributions.

To recommend options to commit and spend the funding.

Author: Louise Corbett, Strategy and Policy Officer

Contact Details: louisecorbett@monmouthshire.gov.uk

To agree to committing and spending S106 contributions linked to affordable housing as follows:

·        Chepstow & Caldicot Housing Market Area:

Severn View, Chepstow – up to £260,720 S106 contributions are applied to costs linked to the conversion and refurbishment of Severn View.

·        Abergavenny Housing Market Area

9 Park Crescent, Abergavenny – up to £250,000 S106 contributions are applied to the balance of costs of acquiring and refurbishing Park Crescent.

Acquisitions – £193,100.51 S106 contributions are applied to the cost of purchasing a suitable property off the open market.

·        Monmouth Housing Market Area

Nailers Lane, Monmouth – £28,556.34 S106 contributions are applied to the redevelopment of Nailers Lane.