Decision details

Decision details

Twenty decisions to approve the individual plot sales of new build properties developed by OX Place as affordable housing at Between Towns Road

Decision Maker: Head of Housing Services

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

For OCC to dispose of flats 1-17 at Plough House, Between Towns Road, Oxford OX4 3ET and 36, 37 & 38 Between Towns Road, Oxford OX4 3LZ under the terms of a shared ownership lease, having first purchased the homes back from OX Place, by divesting a percentage share to an eligible purchaser who will enter into a shared ownership lease with OCC.

This is in line with the OX Place business plan and subsequent to an authorised agreement to sell the properties back to OCC prior to OCC selling on as shared ownership.

There is a separate agreement outlining the detail of the buy-back of the properties by OCC from OX Place.

 

Decision:

Approval of the individual plot sales of shared ownership new build properties developed by OX Place as affordable housing at flats 1-17 at Plough House, Between Towns Road, Oxford OX4 3ET and 36, 37 & 38 Between Towns Road, Oxford OX4 3LZ.

Reasons for the decision:

The decisions increase the provision of low cost home ownership and are in line with the OX Place Business Plan and an authorised agreement to sell the properties back to OCC prior to OCC selling on as shared ownership.

Alternative options considered:

The option not to dispose of the properties was rejected as this would not enable the aim of providing low cost home ownership to be met.  It would also not be in line with the OX Place business plan or the authorised agreement to sell the properties back to OCC prior to OCC selling on as shared ownership.

Signed off by senior officers:

Decision taken by Nerys Parry, Head of Housing Services in consultation with Councillor Linda Smith, Cabinet Member for Housing.

Publication date: 22/11/2022

Date of decision: 21/11/2022

Accompanying Documents: