To authorise the transfer by purchase by Oxford City Council of the extensively refurbished 3 bedroom house, new build 3 and 5 bedroom house delivered through the OCHDL Extensions programme. Contributing to the Councils overall Affordable Housing provision.

1. To authorise the transfer by sale of land at the former Lucy Faithfull House site on Speedwell Street to Oxford City Housing (Development) Limited for a consideration of £1

2. To authorise the transfer by purchase of the land and 26 affordable housing units from Oxford City Housing (Development) Limited by the Council’s Housing Revenue Account (HRA) for a consideration of £10,250,000 in total.

To develop new affordable housing with a range of tenures. OCH(D)L has obtained planning permission to deliver 36 homes for families in Oxford (19/03106/FUL from Oxford City Council) on land at the former Lucy Faithfull House site on Speedwell Street.

The viability appraisals for the transfer of the land and housing units to the HRA at a purchase price of £10,250,000 are within parameters set for the HRA.

Not to transfer the properties would represent a missed opportunity to deliver affordable housing and support the delivery of the OCHL business plan.

Decision taken by Paul Leo, Director of Housing

Decision taken in consultation with Nigel Kennedy, Head of Financial Services, and Susan Sale, Head of Law and Governance.