Decision details
Purchase of Flat 1, Temple Court, 103 Oxford Road, Cowley
Decision Maker: Executive Director (Communities and People)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Cabinet, on 9 August 2023 (‘Expansion of the Housing First Programme’) resolved to:
1. Approve the Council’s participation in the Single Homelessness Accommodation Programme (SHAP) in order to purchase 12 new units for Housing First alongside commissioning support for a total of 17 units, including 5 units drawn from general needs stock; and
4. Delegate authority to the Executive Director (Communities and People) in consultation with the Cabinet Member for Housing; the Head of Financial Services / Section 151 Officer; and the Head of Law and Governance / Monitoring Officer, to enter into agreements and contracts to facilitate the purchase by the Council of housing (to be held in the HRA) within the identified budget and within the project approval, as well as to enter into or amend agreements or contracts in relation to support provision (revenue spend) in line with procurement requirements.
Council, on 2 October 2023, resolved to approve the allocation of a £2,888,000 capital budget (of which £1,688,000 will be borrowed by the Housing Revenue Account) for the Council’s investment to purchase the properties as part of the Single Homelessness Accommodation Programme as outlined in paragraph 19, the balance of which will be met by the SHAP grant.
Decision:
To purchase a 1-bedroomed flat at Flat 1 Temple Court, 103 Oxford Road, Cowley from the open market for the sum of £195,000 for the purpose of adding to the Council’s HRA stock in order to let as an Affordable Housing property.
Reasons for the decision:
The decision allows the purchase of the unit into the HRA as social rent to provide an affordable housing opportunity to support, and enable the delivery of, Oxford City’s Affordable Housing Programme in order to help resolve the homelessness of some of the most disadvantaged people in our community.
Alternative options considered:
Not to purchase the property. This option was rejected as it would not allow the affordable housing to be delivered or the aims of the Single Homelessness Accommodation Programme to be met.
Signed off by senior officers:
Decision taken by Peter Matthew, Interim Executive Director (Communities and People) in consultation with Emma Jackman, Head of Law and Governance; Bill Lewis, Financial Accounting Manager (on behalf of Nigel Kennedy, Head of Financial Services); and Councillor Linda Smith, Cabinet Member for Housing.
Publication date: 12/03/2024
Date of decision: 11/03/2024
Accompanying Documents: