Purchase of completed development at Edgecombe Road
Decision Maker: Executive Director (Communities and People)
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
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.
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 a consideration of £2,350,000 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:
Stephen Gabriel, Executive Director of Communities and People (following a restructure this role has taken on the former responsibilities of the Assistant Chief Executive in regards to housing delivery).
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: 05/11/2021
Date of decision: 04/11/2021
Effective from: 10/11/2021