Decision details

To seek agreement to extend the date by which the loan facility between Bracewell Homes and North Yorkshire Council, originally granted on 15/04/2021, should be repaid to the 31 March 2036.
To note there are no other proposed changes to the loan – the value and interest rate to remain as previously approved.
The report providing further information on this decision is included in the agenda pack for the item on the Performance Monitoring and Budget Report which will be considered by Executive at their meeting on 17th February 2026.

This decision was included in the Forward Plan entry for the Performance Monitoring and Budget Report that is going to Executive on 17th February 2026.  For the purposes of openness and transparency this decision is being included as a separate entry on the Forward Plan but not subject to urgency.

To approve the extension to the term for the existing Bracewell Homes loan to 31 March 2036.

The existing five-year loan agreement between the Council and Bracewell Homes dated April 2021 was due to expire on 31 March 2026. The Housing service sought to extend this agreement in order to widen the delivery of shared ownership opportunities across the county.

n/a