The
business case to invest £15.4m to purchase approximately 100 houses to let to
Gwynedd residents on an affordable rent was approved with every purchase to
demonstrate its own financial viability on a case-by-case basis.
It was
agreed that the Head of Housing and Property in consultation with the Head of
Legal Services and the Head of Finance Department review the statutory
arrangements for implementing the Scheme following the publication of revised
Government Housing Revenue Account Guidance and report further to Cabinet if
additional decisions are needed.