Three decisions to purchase flats 18 A, B and C at Trafford Road, Headington
Decision Maker: Executive Director (Communities and People)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
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 3 x one-bedroomed flats (18 A, B and C) at Trafford Road, Headington for a total sum of £600,000, to be let as affordable housing properties.
OCC will acquire the freehold upon completion of the purchase of all three flats.
Reasons for the decision:
To purchase the units into the HRA, using Retained Right To Buy Receipts, as social rent to provide affordable housing opportunities.
Alternative options considered:
To not complete the purchases. This option was rejected as it would not allow the affordable housing to be delivered.
Signed off by senior officers:
Decision taken by Stephen Gabriel, Executive Director (Communities & 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.
Publication date: 31/03/2023
Date of decision: 31/03/2023