To purchase the leasehold of flats C, E, G, at 10 Cinnaminta Road, Oxford, OX3 7JB for a total of £840,000 to be allocated to the Temporary Accommodation Programme.

The Director of Housing Services decides as follows:

To purchase the leasehold of flats C, E, G, at 10 Cinnaminta Road, Oxford, OX3 7JB for a total of £840,000 to be allocated to the Temporary Accommodation Programme.

In response the above, the decision has been made to use allocated funds of £840,000 to purchase the leasehold of flats C, E, G, at 10 Cinnaminta Road, Oxford, OX3 7JB to provide 3 more units for the HRA to respond to the immediate temporary accommodation need. If this decision is not taken the Council will miss the opportunity to purchase 3 one-bedroom units suitable for TA to reduce the Councils spend on TA accommodation such as hotels and B&B’s

The alternative option is to not purchase but this will result in the Council bypassing the opportunity to purchase 3 one-bedroom units suitable for TA to reduce the Councils spend on TA accommodation such as hotels and B&B’s.