Decision details

Proposed Purchase of Seven Existing Homes for Social Rent

Decision Maker: Portfolio Holder - Housing and Homelessness Services

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

This report seeks the approval from the Housing and Homelessness Services Portfolio Holder to acquire the leasehold interest for seven existing flats and maisonettes which form part of a small block of twelve similar homes in the east of the District. All seven homes will be acquired with new 125 year leases and with the benefit of Homes England grant subsidy.

Due to the pre-contract nature of this decision and the associated commercial sensitivity, financial and site-specific information has been set out within Confidential Appendix 1.

Decision:

On 20 January 2023, Cllr Edward Heron, the Porfolio Holder for Housing and Homelessness Services made the following decision:

In accordance with adopted strategic housing and development objectives, it is recommended that the Council acquires the leasehold interest of these seven homes for the sum disclosed within Confidential Appendix 1.

Any member of the Council, who is not a Portfolio Holder, who considers that this decision should be reviewed should give notice using the call-in facility at the top of this page on the Council's intranet / extranet site. Alternatively, notice can be given to the Monitoring Officer (Grainne O'Rourke) (in writing or by email) to be received ON OR BY 5.15pm on 27 January 2023. Details of the document the Portfolio Holder considered are attached below.

Reasons for the decision:

See Report

Alternative options considered:

See Report

Declarations of Interest(s): None

Contact: Tim Davis, Service Manager - Housing Strategy & Development Email: tim.davis@nfdc.gov.uk.

Publication date: 20/01/2023

Date of decision: 20/01/2023

Effective from: 28/01/2023

Accompanying Documents: