The leader introduced the report which explained that the main focus of the new Rainbow Homes Ltd was to increase the supply of affordable housing in the borough and set out the proposed panel governance arrangements. He referred members to paragraph 3.1 of the report which outlined the proposed members of the Shareholder panel and paragraph 3.2 which set out the terms of reference of the Shareholder Panel.

The Leader proposed the recommendations which were seconded by the Cabinet Member for Health and Wellbeing.

Resolved:

(1)   That the proposed membership of the Shareholder Board and the proposed terms of reference and frequency of meetings be agreed.