Purchase of 49 Leiden Road, Headington, Oxford
Decision Maker: Executive Director (Communities and People)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Cabinet, , resolved to:
1. Approve the Council becoming part of the Local Authority Housing Fund in order to deliver 6 new affordable homes;
2. Recommend to Council the allocation of a £2,330,320 capital budget from the Housing Revenue Account for the Council’s investment to purchase the properties as part of Local Authority Housing Fund; and
3. Delegate authority to the Executive Director (Communities & People) in consultation with the Cabinet Member for Housing; the Head of Financial Services/Section 151 Officer; and the Head of Law and Governance/Monitoring Officer, to enter into agreements and contracts to facilitate the purchase by the Council of housing (to be held in the HRA) within the identified budget and within the project approval.
Council, , resolved to approve the allocation of a £2,330,320 capital budget from the Housing Revenue Account for the Council’s investment to purchase properties as part of the Local Authority Housing Fund.
To purchase a two-bedroom flat at 49 Leiden Road, Headington for the sum of £215,000 to let as an Affordable Housing property through the Local Authority Housing Fund.
Reasons for the decision:
Cabinet, on 19 April 2023, resolved to approve the Council becoming part of the Local Authority Housing Fund, a national fund to support local authorities in providing accommodation to Ukranian and Afghan refugees settled in the UK under various government schemes. This decision enables the purchase of the unit into the HRA as social rent to provide an Affordable Housing opportunity, in accordance with the conditions of the Fund.
Alternative options considered:
Not to purchase the property. This option was rejected as it would not enable the affordable housing to be delivered or the conditions of the Fund to be met.
Publication date: 06/06/2023
Date of decision: 02/06/2023