Decision details
The future strategic direction for the Council's group of housing companies
Decision Maker: Assistant Chief Executive
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
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.
Decision:
1 To authorise the transfer by sale of land between 22 and 23 Harts Close to Oxford City Housing (Development) Limited for a consideration of £1
2 To authorise the transfer by purchase of the land and two affordable housing units from Oxford City Housing (Development) Limited by the Council’s Housing Revenue Account for a consideration of £770,000 in total.
Reasons for the decision:
To support the delivery of affordable housing.
The viability appraisals undertaken show that the scheme is within the parameters set for the Housing Revenue Account.
The scheme is supported by £95,000 of Oxfordshire Growth Deal Affordable Housing grant.
Alternative options considered:
Not to transfer the properties would represent a missed opportunity to deliver affordable housing and support the delivery of the OCHL business plan.
Signed off by senior officers:
Caroline Green, Assistant Chief Executive.
Decision taken in consultation with the Head of Financial Services, the Head of Law and Governance and the Cabinet Member for Affordable Housing.
Publication date: 31/03/2021
Date of decision: 19/02/2021
Effective from: 05/05/2021