To authorise the transfer by purchase by Oxford City Council of the extensively refurbished 3 bedroom house, new build 3 and 5 bedroom house delivered through the OCHDL Extensions programme. Contributing to the Councils overall Affordable Housing provision.

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.

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.

Not to transfer the properties would represent a missed opportunity to deliver affordable housing and support the delivery of the OCHL business plan.

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.