Agenda and minutes
Housing Investment Group
Thursday 28 February 2013 3.00 pm

Venue: Meeting Room 2, The Crystal, One Siemens Brothers Way, Royal Victoria Docks, London E16 1GB

Contact: Jamie Izzard, Board Secretary; Telephone: 020 7983 4420; E-mail:  [email protected]; Minicom: 020 7983 4458 

Items
No. Item

1.

Apologies and Chair's Announcements

Minutes:

1.1  Apologies were received from London Councils’Head of Housing & Planning (Nigel Minto) and the Assistant Director Land & Property (Steve Kennard).

 

2.

Declarations of Interest

The Chair to invite Board members to declare any interests which they may have in any of the items set out on the agenda.

 

[Note: In accordance with the GLA’s Code of Ethics for staff, officers must make a declaration of interest on any issue on which they are advising the Mayor which affects an interest held by them - or any person related to them or with whom they have a close personal relationship whether financial or otherwise - and ensure that the details are recorded in the Authority’s Register of Interests.]

 

Minutes:

2.1  The following declarations were made in relation to Agenda Item 12 (Mayor’s Housing Covenant):

 

·  Mike Youkee declared an interest in relation to his role as Chair of Westminster Community Homes, which had submitted a bid; and

·  Nick Salisbury declared an interest in relation to his role as a potential consultant for Mill Asset Management Group, which had submitted a bid. It was noted that he had not undertaken any work for Mill Group in relation to this matter but was included on a list of potential advisers for the company.

 

2.2  None of the interests declared constituted a disclosable pecuniary interest and therefore Members were allowed to take part in the respective discussions.

 

3.

Minutes of the meetings of the Group held on 16 January and 28 January 2013

Additional documents:

Minutes:

3.1  That the minutes of the meetings of the Housing Investment Group held on 16 January and 28 January 2013 be noted.

 

4.

Mayor's Housing Covenant - Detailed Due Diligence (Reserved)

Minutes:

4.1  The Group received a presentation on proposals put forward by Pocket Living Ltd, due to the potential scale of their allocation and the wide range of issues the GLA wished to explore in relation to that. Following discussion, the Pocket Living team left the meeting and a wider discussion took place regarding the programme.

 

4.2  DECISIONS

 

a)  That the progress made to date in relation to detailed due diligence be noted; and

b)  That HIG recommends for Mayoral Decision the proposed allocations for the two organisations that have already passed detailed due diligence, as per reserved Appendix A.

5.

Royal Albert Dock (Verbal Update) (Reserved)

Minutes:

5.1  The Assistant Director for Strategic Projects and Property (Simon Powell) provided a verbal update on the on-going procurement activity for development of the Royal Albert Docks site.

 

5.2  DECISIONS:

 

That the verbal update be noted.

 

6.

London City Airport (Reserved)

Minutes:

6.1  This item was deferred.

 

7.

Homelessness Health and Peer Advocacy (HHPA) Service pdf icon PDF 120 KB

Minutes:

7.1  The Group received proposals to fund an extension to the GLA’s current contract with Groundswell for the Homelessness Health and Peer Advocacy (HHPA) service, utilising an underspend of £60,000 from the GLA’s £10m rough sleeping budget for 2012/13.

 

7.2  DECISION

 

That it be recommended that the GLA award, enter into and execute agreements for grant funding with Groundswell with a maximum value of £60,000 as a contribution to the costs of their Homelessness Health and Peer Advocacy (HHPA) service.

 

8.

Disposal of Industrial Units at Lamson Road (Reserved)

Minutes:

8.1  The Group received a paper outlining proposals for the disposal of a site a Lamson Road in the London Borough of Havering.

 

8.2  DECISIONS

 

That the recommendations outlined in the report be agreed.

 

 

 

 

 

9.

Disposal of the View (Reserved)

Minutes:

9.1  The Group received a paper seeking approval for the disposal of the View inward investment centre in the London Borough of Tower Hamlets.

 

9.2  DECISION

 

That the recommendations outlined in the report be agreed.

 

10.

Disposal of the site at Dovers Corner (Reserved)

Minutes:

10.1  The Group received a paper outlining proposals to dispose of a site at Dovers Corner.

 

10.2  DECISION

 

That the recommendation outlined in the report be agreed.

 

11.

Empty Homes Round 2 (Reserved)

Minutes:

11.1  The Group received a paper on round 2 of the Government’s Empty Homes programme.

 

 

11.3  DECISIONS

 

That the recommendations outlined in the report be agreed.

 

 

12.

Affordable Housing New Funding Opportunities (Reserved)

Minutes:

12.1  The Group discussed the proposal to launch a new funding prospectus in early March 2013.

 

 

12.3  DECISIONS

 

That the recommendations outlined in the report be agreed.

 

13.

RE:NEW (Jake Ronay) pdf icon PDF 58 KB

Additional documents:

Minutes:

13.1  The Group received a paper seeking approval to allocate up to £150,000 for interim support to deliver early Green Deal and Energy Company Obligation (ECO) projects through the existing RE:NEW framework.

 

13.2  The Group noted that the proposals covered an interim period prior to a full European procurement exercise in order to ensure there was no break in service.

 

13.3  It was agreed that metrics for the activity undertaken by the PDU be provided to the Chair.

 

13.4  DECISION

 

a)  That interim funding of £150,000 for interim support to develop and deliver early Green Deal and ECO projects through the RE:NEW framework be approved; and

 

b)  That metrics for the activity undertaken by the PDU be provided to the Chair.

 

14.

Build to Rent (Reserved)

Minutes:

14.1  The Group received a report on the assessment of bids into London’s allocation of the Government’s £200m Build to Rent fund launched in order to stimulate housing supply and enable opportunities to attract institutional investment in the Private Rented Sector. 

 

14.2  A query was raised as to whether any bids were also included in the GLA’s affordable rent programmes and it was noted that whilst there were some overlap, additional units were proposed in each instance.

 

14.3   The Group noted that a further report would be brought back to the Group in March 2013.

 

14.4  DECISIONS

 

a)  That the bids submitted in London be noted;

 

b)  That the assessment process that is currently underway to agree a shortlist of bidders that will proceed through to the due diligence stage be noted; and

 

c)  To note that an update will be provided to the next meeting of the Group.

 

15.

Date of Next Meeting

The next scheduled meeting of the Committee is on 21 March 2013 at 10.30am.

Minutes:

15.1  The date of the next scheduled meeting of the Group was confirmed as Thursday 21 March 2013 at 10.30am at City Hall, Room 8.7.

 

16.

Any Other Business the Chair Considers Urgent

Minutes:

16.1  The Chair proposed that a report be brought to the Group in October regarding possible GLA land purchases following a strategic review of the GLA’s landholdings. Officers agreed to look into this proposal.

 

16.2  DECISION:

 

That officers consider the proposal to present a paper to the Group in October regarding possible GLA land.

 

17.

Close of meeting

Minutes:

17.1  The meeting closed at 6:05pm.