Agenda item

Report of the Remembrancer.

The Committee considered the housing and planning act report and noted that the Act requires the sale of higher-value council housing in order to fund the extension of the right to buy, directs new housing provision away from affordable rental housing towards “starter homes? for first-time buyers, requires higher rents to be charged to social tenants earning high incomes, limits the duration of new secure council tenancies, and creates “planning permission in principle? for housing development on designated sites.

Amendments were made during the passage of the Bill (following representations by the City Corporation and other bodies) which are intended to mitigate the effect of higher-value housing sales in more expensive areas and to ensure that sold homes are replaced on a two-for-one basis in Greater London.

Officers informed Members that the date of completion quoted in the report should be amended to 2026, not 2020. The Committee noted that of the 3,700 home, 700 would be the responsibility of this Committee as they would be built on the existing housing estates.

Resolved – that the report be received.