Purchase of the three homes at 66 Sandy Lane, Oxford
Decision Maker: Executive Director (Communities and People)
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
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.
To authorise the purchase by way of transfer the completed property at 66 Sandy Lane, resulting from the Oxford City Housing Development Ltd Extensions Programme.
Authority was granted for the HRA to purchase units for £1,025,000 in total. The purchase is supported by £110,000 of Oxfordshire Growth Deal Affordable Housing Grant and £110,000 in Retained Right to Buy Receipts.
Reasons for the decision:
To support the delivery of affordable housing.
The viability appraisals undertaken show that the scheme is within the parameters set for the Housing Revenue Account.
Alternative options considered:
Not to transfer the properties would represent a missed opportunity to deliver affordable housing and support the delivery of the OCHL business plan.
Signed off by senior officers:
Stephen Gabriel, Executive Director of Communities and People.
Decision taken in consultation with Cllr Susan Brown, Leader and Cabinet Member for Inclusive Growth, Economic Recovery and Partnerships; Nigel Kennedy, Head of Financial Services; and Susan Sale, Head of Law and Governance.
Publication date: 09/11/2021
Date of decision: 09/11/2021
Effective from: 12/11/2021