To authorise the transfer by purchase by Oxford City Council of the extended and refurbished 4 bedroom property delivered through the OCHDL Extensions programme. Contributing to the Council’s overall Affordable Housing provision.

To authorise the transfer by purchase of the land and affordable housing at the former Royal British Legion, Edgecombe Road from Oxford City Housing (Development) Limited to the Council’s Housing Revenue Account (HRA).

For OCH(D)L to enter into a build contract to construct 7 homes at the former Royal British Legion, Edgecombe Road to be wholly affordable housing (4 Social Rent and 3 Affordable Rent) it required the Council to confirm the purchase price of these homes and commit to their purchase in order to proceed.

Viability appraisals have been carried out for the transfer of these homes to the Housing Revenue Account (HRA) which show that the scheme is within the parameters set for the HRA.

The purchase was a condition of the transfer of land to OCHL. To not agree to the purchase would represent a missed opportunity to deliver affordable housing.

Caroline Green, Assistant Chief Executive

Decision taken in consultation with the Head of Financial Services and the Head of Law and Governance.