Decision details
Purchase of the completed properties at 9/9a Pauling Road
Decision Maker: Officer Executive Decisions
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:
To authorise the purchase by way of transfer the two affordable housing units at 9/9a Pauling Road, resulting from the Oxford City Housing Development Ltd Extensions Programme.
Authority was granted for the HRA to purchase units for £575,000 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:
Paul Leo, Executive Director of Housing.
Decision taken in consultation with Councillor Diko Blackings,Cabinet Member for Affordable Housing, Housing Security and Housing the Homeless; Cllr Alex Hollingsworth, Cabinet Member for Planning and Housing Delivery; Nigel Kennedy, Head of Financial Services; and Susan Sale, Head of Law and Governance.
Publication date: 29/06/2021
Date of decision: 05/05/2021
Effective from: 02/07/2021
Accompanying Documents:
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