Summary from February 2025 Board Meeting:

The last Board Meeting discussed a number of issues relating to the construction phase of the project, as well as funding and the Section 106 agreement with Camden.

On construction/build:

A construction company has now been appointed after a lengthy tender process, and it is hoped that they will be on site by the Autumn.

On funding:

The GLA continues to fully support the project, and we are negotiating with a number of banks to provide loan facilities.

We are also interested in finding individuals or organisations/trust funds who would be willing to donate to the project – any extra funds we can attract will help us to make the units more affordable! A member has already started pushing this initiative forward.

On Section 106:

We are currently negotiating with a Housing Association, who have offered to buy the two social rent units (already allocated by Camden), and who will manage the whole building for a period of time after completion.

Summary of March’s board meeting

We now have a shadow 106 agreement with Camden, which is what covers the

terms of allocations and discounts for the purchased units with discount to

market.

The Board continued to discuss the proposed relationship with a housing

association which would manage the property, as well as buying the two Council-

allocated rental units.

Four bids have been received to become our sales and marketing agent; these

will be reviewed and a recommendation is expected to be made to the Board at

the April meeting.

Finally, it was agreed to progress the recruitment of a project co-ordinator, and

member will have seen the job description and application form on the web-site

already. Closing date for applications is 22 nd April.

Coming Soon!

Coming Soon!