None received.

Members are reminded that they must declare their disclosable pecuniary interests and other registrable or non-registrable interests in any matter being considered at the meeting as set out in Appendix B of the Members’ Code of Conduct and consider if they should leave the room prior to the item being considered. Further advice can be sought from the Monitoring Officer in advance of the meeting.

        None were declared.

To confirm the minutes of the Housing Supervisory Board meeting held on 19^th September 2024.

Contact: Shelley Davies

          RESOLVED:

That the minutes of the meeting held on 19^th September 2024 be approved as a true record.

To receive any public questions from the public, notice of which has been given in accordance with Procedure Rule 14.  The deadline for this meeting is 12.00 pm, Friday 22^nd November 2024.

        There were no public questions.

To receive any question of which Members of the Council have given notice. The deadline for this meeting is 12.00 pm, Friday 22nd November 2024.

There were no member questions.

To receive the Cornovii Developments Limited Update Report from the Assistant Director, Homes and Communities.  [Report attached]

Contact: Jane Trethewey

Members received the report of the Assistant Director Homes and Communities which gave an update from Cornovii Developments Limited (CDL) on the company’s progress against the approved 10-year Business Plan. 

The Assistant Director Homes and Communities introduced the report and referred to Appendix A which provided detail of the company’s activity to the end of September 2024. It was explained that the forecast number of units to be delivered remained at 913 but with an increase in affordable homes from 18% to 20%.

The Managing Director of CDL gave an update noting that the sites at Ellesmere Wharf, Ifton Green, and Oaklands had been completed and all properties had either been reserved, sold, or identified for affordable housing or private rented use.

In response to questions the Managing Director of CDL confirmed that:

·       The majority of affordable homes completed by CDL were to be retained by the Housing Revenue Account (HRA), managed by STAR Housing on behalf of the local authority.

·       A breakdown would be provided in relation to the type of properties/number of bedrooms.

·       There had been a small increase in cost inflation and house prices had stabilised, but noted that market confidence remained low which was affecting the rate of sales.

·       There had been interest in shared ownership, where properties were typically sold to a registered provider with the buyer then purchasing a percentage of the home and the remaining balance rented at a lower rate than a mortgage.

·       At present CDL did not offer shared ownership properties. It was added that this could be investigated but would require an agreement with the local authority and Homes England.

RESOLVED: That the report be noted.

To resolve in accordance with the provisions of Schedule 12A of the Local Government Act 1972 and Paragraph 10.4[3] of the Council’s Access to Information Procedure Rules, the press and public be excluded during consideration of the following items.

RESOLVED:

That in accordance with the provisions of Schedule 12A of the Local Government Act 1972, and paragraph 10.4(3) of the Council’s Access to Information Procedure Rules, the press and public be excluded during consideration of the following items.

To confirm the exempt minutes of the Housing Supervisory Board meeting held on 19^th September 2024. [Exempt Minutes Attached]

RESOLVED:  

That the exempt minutes of the meeting held on 19^th September 2024 be approved as a true record.

To receive the Cornovii Developments Limited Exempt Items Update Report from the Assistant Director, Homes and Communities.  [Exempt report attached]

Contact: Jane Trethewey

Members received an exempt report from the Assistant Director Homes and Communities.

RESOLVED:

That the report be noted.

To note that the next meeting of the Housing Supervisory Board will be held at 10.00 am on Thursday 20^th March 2025.

It was noted that the next meeting of the Housing Supervisory Board would be held at 2.00 p.m. on Thursday 20^th March 2025.