Decision details
Sale of land at Warren Crescent to Oxford City Housing (Development) Ltd and purchase of the completed development from Oxford City Housing (Development) Ltd
Decision Maker: Executive Director (Communities and People)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To purchase 10 homes at Warren Crescent to be wholly affordable housing (4 social rent and 6 affordable rent).
Decision:
To authorise the transfer by sale of the land at Warren Crescent to Oxford City Housing (Development) Ltd for £80,000, and purchase of the land and affordable housing at Warren crescent from Oxford City Housing (Development) Limited to the Council’s Housing Revenue Account (HRA) for a consideration of £3,750,000 in total.
Reasons for the decision:
The decision supports the delivery of affordable housing.
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; Susan Sale, Head of Law and Governance; Councillor Linda Smith, Cabinet Member for Housing and Cllr Alex Hollingsworth, Cabinet Member for Planning and Housing Delivery.
Publication date: 08/08/2022
Date of decision: 22/07/2022
Effective from: 11/08/2022
Accompanying Documents:
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