Decision details
Purchase of the extended and refurbished home at 16 Sparsey Place, Oxford
Decision Maker: Executive Director (Communities and People)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Cabinet, on 29 May 2019, resolved to:
Agree that delegated authority is given to the Assistant Chief Executive in consultation with the Head of Finance and the Head of Law and Governance to approve and facilitate the agreed purchase by the Housing Revenue Account of all affordable housing units at the OHCL development sites.
Decision:
To authorise the purchase by way of transfer of the completed extended and refurbished home at 16 Sparsey Place resulting from the Oxford City Housing Development Ltd Extensions Programme.
Authority was granted for the HRA to purchase the unit for £478,000 in total. The purchase is supported by £191,200 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:
Decision taken by Stephen Gabriel, Executive Director (Communities and People) in consultation with Nigel Kennedy, Head of Financial Services and Susan Sale, Head of Law and Governance.
Publication date: 31/03/2022
Date of decision: 29/03/2022
Accompanying Documents:
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