Purchase of the extended and refurbished property at 51 Weirs Lane, Oxford
Decision Maker: Director of Housing
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
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 purchase by way of transfer the completed property at 51 Weirs Lane, resulting from the Oxford City Housing Development Ltd Extensions Programme.
Authority was granted for the HRA to purchase the property for £246,000 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.
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 the Head of Financial Services and the Head of Law and Governance.
Publication date: 01/10/2021
Date of decision: 29/09/2021