Decision details
Purchase of 12 Warburg Crescent, Oxford, OX4 6BS
Decision Maker: Executive Director (Communities and People)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To purchase the unit into the Housing Revenue Account as Social Rent, making best use of right to buy receipts and enabling the Council to provide additional affordable housing.
Decision:
Purchase of 12 Warburg Crescent, Oxford OX4 6BS for the sum of £210,000.
Reasons for the decision:
The purchase enables the use of remaining Right to Buy Receipts to purchase the property into the Housing Revenue Account, making best use of right to buy receipts and enabling the Council to provide additional affordable housing.
Alternative options considered:
To not proceed with the acquisition. This option was rejected as the purchase represents good value to the Council and contributes to the target of providing more affordable housing.
Signed off by senior officers:
Decision taken by Stephen Gabriel, Executive Director (Communities and People) in consultation with Councillor Linda Smith, Cabinet Member for Housing; Nigel Kennedy, Head of Financial Services; and Susan Sale, Head of Law and Governance.
Publication date: 23/05/2022
Date of decision: 23/05/2022
Accompanying Documents:
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