Cabinet, at its meeting on 22 January 2020, resolved to:

Delegate authority to the Director of Housing, in consultation with the Cabinet Member for Affordable Housing; the Head of Financial Services/Section 151 Officer; and the Council’s Monitoring Officer, to enter into agreement for the award of grant, contractual arrangement and/or spend, for the provision of additional affordable housing in perpetuity, using Retained Right to Buy Receipts or Recycled Capital Grant funding.

This delegation is now within the remit of the Executive Director (Communities and People).

Purchase of a two bedroomed flat (Flat 6) at 53 Oxford Road, Littlemore for the sum of £200,000.

OCC is already the freeholder, which allows for a buyback of the property to let as an Affordable Housing property.

The purchase enables the use of remaining Right to Buy Receipts to purchase the property into the Housing Revenue Account, making best use of right to buy receipts and enabling the Council to provide additional affordable housing.

To not proceed with the purchase.  This option was rejected as the purchase represents good value to the Council and contributes to the target of providing more affordable housing.

Decision taken by Stephen Gabriel, Executive Director (Communities and People) in consultation with Nigel Kennedy, Head of Financial Services; Susan Sale, Head of Law and Governance; and Councillor Linda Smith, Cabinet Member for Housing.